RIVER (RIVER) fluctuated 40.3% in 24 hours: Whale profit-taking and selling pressure led to sharp decline

Volatility Overview

In the past 24 hours, the price of RIVER reached a high of $7.7438 and dipped to a low of $5.5212. It is currently quoted at $5.5737, with a price fluctuation of up to 40.3%. The 24-hour trading volume remained elevated between $46 million and $57 million, with a net outflow of funds of about $4.1 million.

Summary of Reasons for Abnormal Movements

- Whale profit-taking: Multiple large sell-offs drove selling pressure over the past 24 hours, including wallet 0x7b...3f2a selling RIVER worth $640,000, 0x2a...d8e1 selling $420,000, and 0xf4...c99b selling $380,000, triggering panic selling among others.

- Low liquidity on BSC chain magnifies volatility: Trading is concentrated on multiple chains such as BSC. Low liquidity amplifies price impact, with heavy red candles driving the price sharply down from around $9.

Market Views and Outlook

The mainstream mood in the community is cautious and bearish, viewing this period as an accumulation phase after a correction. The support zone is at $7.00-$7.40, which, if held, could see a rebound to resistance at $8.50. However, volatility remains high, whale selling persists, short-term risk is tilted downward, and it is recommended to wait for confirmation from trading volume.