RIVER has recently been under significant pressure. A series of events in December have added to the selling pressure on this token. The $8.5 million token unlock in the middle of the month directly flooded the market, and this influx of liquidity instantly triggered intense volatility. Subsequently, the news released in Q4 did not ignite market enthusiasm as expected; instead, it intensified the downward sentiment.
From a technical perspective, although the project achieved an important milestone with the 2.0 upgrade on the 11th and released a staking guide on the 23rd to improve the economic model, these positive signals seem somewhat pale in the current wave of selling pressure. Market participants did not react enthusiastically to these measures; instead, under continuous liquidation pressure, short-selling sentiment has grown stronger. The community's confidence indicator is also weakening, making it difficult to break the bearish pattern.
From a trading standpoint, if you want to participate in shorting, consider a light position entry with a stop-loss set at the key level of $5.5. Once the price breaks through this level, you should immediately exit to limit risk exposure. The inherent volatility of the crypto market means that any trading decision must be based on thorough risk assessment.
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TokenCreatorOP
· 11h ago
It's another round of unlocking and dumping, along with bad news. RIVER really can't hold on this time.
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DeFiAlchemist
· 11h ago
*adjusts alchemical instruments* $8.5M unlock dumping straight into the market... the transmutation of locked value into selling pressure is almost poetic in its brutality, ngl
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MysteriousZhang
· 11h ago
8.5 million coming in directly breaks the defense; even the 2.0 upgrade can't save it, this is outrageous
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LiquiditySurfer
· 12h ago
8.5 million directly dumped, upgrades can't save it either. This pace is a bit ruthless.
RIVER has recently been under significant pressure. A series of events in December have added to the selling pressure on this token. The $8.5 million token unlock in the middle of the month directly flooded the market, and this influx of liquidity instantly triggered intense volatility. Subsequently, the news released in Q4 did not ignite market enthusiasm as expected; instead, it intensified the downward sentiment.
From a technical perspective, although the project achieved an important milestone with the 2.0 upgrade on the 11th and released a staking guide on the 23rd to improve the economic model, these positive signals seem somewhat pale in the current wave of selling pressure. Market participants did not react enthusiastically to these measures; instead, under continuous liquidation pressure, short-selling sentiment has grown stronger. The community's confidence indicator is also weakening, making it difficult to break the bearish pattern.
From a trading standpoint, if you want to participate in shorting, consider a light position entry with a stop-loss set at the key level of $5.5. Once the price breaks through this level, you should immediately exit to limit risk exposure. The inherent volatility of the crypto market means that any trading decision must be based on thorough risk assessment.