RIVER token surged 25% in the past 24 hours, marking an 11% weekly increase, driven by heightened speculative trading. Coinalyze data revealed a 42% spike in Open Interest, indicating strong speculative interest despite weak spot demand. The funding rate remained negative, suggesting active short selling.
Technical indicators suggest a potential bullish trend for RIVER, with the token breaching a key resistance level at $24.2, signaling a bullish structure shift. However, short-term momentum indicators point to potential price dips, with immediate targets at $15 and $11 if Bitcoin experiences a sell-off. A breakout above $28.7 could signal further gains.
RIVER Token Jumps 25% Amid Speculative Trading Surge
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