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Speaking of $RIVER, many people still remember the scene where $MYX shot straight up from around 1 to a high of 18.6.
Now, $RIVER is following a somewhat similar path—recent days have been quite fierce, with dips quickly followed by rebounds, and small fluctuations attracting new participants. But if you look closely, each rebound is quickly followed by a retreat, creating a clear trap effect that easily causes many retail investors to chase highs and get caught.
From a technical perspective, $RIVER has been showing a doubling trend over the past week. Currently, the spot price is around 42, while the futures price is near 31.6—this level has become a key resistance. What will happen next? Is it just a contract trap, or will it dip further before rebounding? The market’s answer may lie in whether this resistance level is broken or not.
As the US CPI data is about to be released, macroeconomic changes could also influence the overall market rhythm and the movement of individual coins. This position is indeed worth watching—deciding when to enter and when to exit is more important than simply chasing the rally.
What are your thoughts on this wave? Feel free to share your ideas in the comments.