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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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River [RIVER], a chain-abstraction stablecoin system, fell more than 19% over the past 24 hours, reversing much of the upward move from three days ago. The decline was accompanied by higher trading activity, falling on-chain liquidity, and shifting sentiment among traders.
The drop was driven by selling pressure, supported by a 52% spike in daily volume. When prices fall while volume rises, it often points to increased sell-side activity, including profit-taking after a mid-week rally.
On-chain metrics also weakened. Total Value Locked (TVL) declined from $123 million to $91 million, a drop of more than $30 million in capital. The article noted that TVL had been bouncing between these levels since February 6.
In addition, total USD inflows were negative for the day, reading $79K. This was interpreted as traders withdrawing capital from the asset.
Community sentiment also cooled. Bear odds rose to 38% from below 20%, suggesting traders were gradually losing confidence in the uptrend. The article added that RIVER had fallen from an all-time high of $88, representing more than a 10x decrease over three months.
RIVER is trading near a key support level, which previously preceded a move of more than 245%. According to the article, the price rose from around $8 to above $30 within one month. Before reaching the $8 zone, RIVER consolidated for more than a week between $10 and $13, and the breakdown candle was met with immediate rejection, indicating bulls were watching that area.
On flow data, the Cumulative Volume Delta (CVD) was negative at 248K, indicating selling pressure. However, it was also noted that this figure was down from a daily peak CVD of 2.06 million.
Despite the selling pressure, the Long/Short Ratio for Accounts was reported at 2, implying that bulls were buying RIVER. The article specified that this buying was occurring in the Binance Futures market, while the Spot market was described as quiet.
The article’s scenario is that bulls may attempt to rerun another 245% rally, which would take RIVER past $30. It also stated that this would depend on RIVER breaking above and holding above the top of the $10–$13 range, around $13.

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