RIVER Price Up 22% – Analysis on Whether Traders Should Bet on the Next $20 Mark

In the most recent trading session, strong buying activity pushed the RIVER price higher. Spot flow data recorded a net withdrawal of $60.87K, indicating traders are moving tokens off exchanges.

When investors transfer assets from exchanges to personal wallets, this action often reflects an intention to reduce selling pressure in the market.

Notably, although 24-hour trading volume has slightly decreased, market activity remains high. This suggests long-term investors continue to hold their positions, while speculative traders are driving RIVER’s price upward.

Exchange supply continues to shrink, leading to tighter sell liquidity. This movement reflects both increasing demand and diminishing selling pressure, supporting the current upward trend.

RIVER Price Structure Approaching $20 with “Cup and Handle” Pattern

The 4-hour chart shows RIVER forming a “cup and handle” pattern as it approaches the key resistance zone at $20. The pattern begins with a rounded recovery from the support zone at $7.42, forming the cup bottom.

Strong buying then pushed the price toward the neckline at $20, where previous rejection occurred, leading to a short-term consolidation phase. However, the recent handle of the pattern indicates strengthening momentum as the price rebounds from the demand zone at $17.21 – an area that has consistently supported buyers during corrections.

As the pattern continues to develop, market attention turns to the neckline at $20 – a critical resistance level that could trigger a strong breakout. If the price decisively breaks above this level, the bullish pattern will be confirmed, opening the door for more significant growth prospects in the future.

Source: TradingView Currently, the MACD indicator is signaling positive momentum as the MACD line reaches 0.519, crossing above the signal line at 0.324, indicating a new bullish crossover. The histogram has also turned positive and is expanding above the neutral line, reflecting strong upward momentum as buyers regain control.

These technical conditions reinforce the broader recovery pattern and support a bullish outlook on higher timeframes.

Optimistic Sentiment from Top Traders on Binance

Data from CoinGlass shows that top traders on Binance are leaning toward a bullish outlook for RIVER. The Long/Short ratio of leading accounts is currently 1.30, with 56.53% long positions and 43.47% short positions.

This allocation reflects strong confidence among professional traders in the continued price increase. Moreover, this ratio has remained stable throughout the recent rally, indicating traders are maintaining their positions rather than exiting the market amid volatility.

As the price approaches a key resistance zone, leveraged traders seem increasingly comfortable holding long positions in the derivatives market.

Source: CoinGlass## Funding Rate Supports Bullish Outlook

The Funding Rate also indicates growing confidence in the derivatives market. At press time, the weighted OI (Open Interest) Funding Rate has turned positive at 0.0776%, meaning long traders are paying fees to maintain their positions.

A positive Funding Rate typically appears when demand for long positions exceeds that for shorts. In this case, the change in Funding Rate suggests leveraged traders are betting on further upward movement.

Additionally, the Funding Rate has steadily increased as the price recovered toward the resistance zone. This reflects growing participation from speculators during the rally.

As derivatives traders increase their positions, the market structure begins to show strong confidence in the ongoing upward trend. Therefore, signals from the Funding Rate currently reinforce a positive outlook in the derivatives market.

Source: CoinGlass## RIVER Enters Potential Growth Phase

RIVER is currently in a positive structural phase as outflows from exchanges reduce supply, while derivatives traders exhibit optimistic sentiment.

The “cup and handle” pattern continues to draw attention to the neckline at $20 – a key resistance zone that could trigger a strong breakout.

Additionally, positive technical signals from MACD and the rising Funding Rate bolster investor confidence in the bullish trend. If the price maintains strength around the resistance zone, RIVER could soon achieve sustainable growth, targeting higher levels in the future.