RIVER surged over 15% in the last 24 hours, pushing its market cap above $140 million, as it broke through a month-long resistance level. The altcoin reached a peak of $7.77, driven by a short squeeze and increased buying momentum, although it now faces resistance at this level.
Despite the bullish breakout, selling pressure is mounting as traders lock in profits. Sell volume increased by 112%, with more than 20,189 RIVER tokens deposited on exchanges. The altcoin's ability to maintain its position above $7 is crucial for sustaining the current uptrend.
RIVER Jumps 15% After Breaking Resistance, Faces Profit-Taking Pressure
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