RIVER coin price bounces back 27%: analysts fear it could be a dead bounce
- RIVER coin price has surged 27% on bridge launch and new exchange listing.
- The cryptocurrency’s volume has spiked 126%, confirming strong buyer interest.
- Key support lies at $15.40, and a break below risks causing a $14.09 pullback.
RIVER coin has surged 27.4% in the past 24 hours, reaching an intraday high of $17.94.
The sudden spike comes after a period of relative stagnation, sharply outperforming a broader flat crypto market.
Traders are cautiously optimistic, but some analysts warn this could be a short-lived recovery.
The catalysts behind the rally
The primary driver of the rally was the launch of RIVER’s official cross-chain bridge.
This bridge allows seamless asset transfers between Ethereum, Base, and BNB Chain.
By enabling smoother liquidity flows, it addresses a core challenge faced by many DeFi projects.
At the same time, RIVER went live on LBank, a major centralised exchange, sparking fresh market activity.
The exchange listing was accompanied by a $50,000 trading competition, which boosted short-term trading volume.
Combined, these events enhanced the token’s utility and made it easier for investors to access RIVER.
Volume data confirms the strength of the move, with a 126% surge in 24-hour trading volume to $83 million.
This shows that the rally was driven by genuine buying interest rather than thin order books.
The token also benefited from positive sentiment in the broader DeFi sector, which continues to attract investor attention.
RIVER coin price outlook
Analysts are watching key price levels closely to gauge the sustainability of the bounce.
If RIVER can hold above $15.40, it could attempt to reach a near-term target of $20.65.
This would represent a continuation of the current bullish momentum and strengthen confidence in the token’s recovery.
However, a break below $14.09 could signal that the rally has lost steam.
In that case, the coin may experience a pullback toward $12.50, testing lower support levels.
Traders are advised to monitor volume and bridge adoption as indicators of whether the move has lasting strength.
The rally also coincides with broader infrastructure upgrades, which could attract long-term users.
The cross-chain bridge is designed to simplify liquidity access and reduce fragmentation across networks.
Sustained adoption of this feature will be critical for supporting higher prices in the coming months.
Despite these positive factors, some analysts caution that the rebound could be a “dead mouse bounce.”
They argue that while short-term catalysts are present, the coin is still trading far below its all-time high of $87.73 that it hit at the beginning of the year 2026.
RIVER coin price chart | Source: TradingView
Price action remains fragile, and a failure to maintain support levels could result in another rapid decline.
Investors are therefore advised to weigh the recent gains against the risk of a correction.
The combination of technical indicators, exchange activity, and sector momentum will likely determine the next phase.
For now, the market is watching closely to see whether RIVER can convert its recent spike into a sustainable uptrend.
The post RIVER coin price bounces back 27%: analysts fear it could be a dead bounce appeared first on CoinJournal.
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