RIVER sees a 40.1% fluctuation in 24 hours: spikes to $31 after unlocking 1.36% of supply, then retreats as the market absorbs and profits are taken
Bitget Pulse2026/03/24 00:19Brief Volatility Overview
In the past 24 hours, RIVER price surged from a low of $22.4406 to as high as $31.4359, then retraced to the current $22.5024, with a fluctuation amplitude of 40.1%. The 24-hour trading volume ranged between $52 million and $66 million, up about 35% compared to the previous day, and the market capitalization is approximately $459 million.
Brief Analysis of the Cause of the Movement
• On March 23, 1.36 million RIVER tokens were unlocked (about 1.36% of total supply, valued at roughly $38 million), about four times the scale of previous unlocks. This tested the market's absorption capacity and led to a price pump followed by a dump.
• After the unlock, the price briefly spiked to nearly $33, but with selling pressure from unstake profit-taking, a pullback was triggered.
• Trading volume surged to $66 million, supporting short-term liquidity. However, there were no significant whale transfers or official announcements recorded.
Market Opinions and Outlook
Community sentiment shows 61% are bullish. The prevailing view is that $24-25 serves as key support. Historically, price tends to dip first then recover after unlock events, but short-term concerns include an overbought RSI and further selling pressure. Analysts suggest monitoring the continuation of Season 4 airdrops and TVL stability (currently $89 million). If the $23 low holds, a rebound to test resistance at $27.5 may follow.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring and is for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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