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Looking at the recent RIVER market trend, the technical indicators are really underperforming.
From the perspective of the BOLL bands, the price has fallen from the upper band at 21.755 and is now close to the middle band at 16.363, with the upper band pressing down quite firmly. The lower band at 10.971 is holding below, but based on the trend, there's a high probability that the middle band will break through, and it may continue to test lower levels.
The MACD is also not looking good. The DIF has already crossed below the DEA (1.628<1.726), and the histogram has turned negative at -0.098, indicating a classic death cross. More importantly, when the price hit a new high previously, the MACD didn't follow, which is a bearish divergence, signaling that the upward momentum is truly fading.
The RSI is even more straightforward. The 6-hour cycle has dropped to 47.619, breaking below the 50 midline. The RSI on the 14-hour and 24-hour charts are also turning downward, showing that market buying enthusiasm is rapidly dissipating, and selling pressure is starting to dominate.
Looking at these indicators together, the short-term outlook remains weak.