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RIVER just gave back half its 191% pump – Is the rally already over?
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AMBCrypto
River [RIVER] recorded one of its sharpest reversals in recent sessions.
After posting a 191% rally between the 26th and the 28th of January, RIVER has since erased roughly half of those gains, signaling a rapid shift in momentum.
RIVER enters a critical phaseDespite the sharp pullback, the recent decline does not entirely confirm a bearish outlook.
RIVER has now traded back into an ascending support range, a zone that has historically played a key role in price recoveries.
In this context, the probability of a clean breakout has narrowed, increasing the likelihood that RIVER may continue to consolidate within the support range.