- RIVER token surged 19% from a key demand zone, erasing recent losses.
- The rally was fueled by over $2.5 million in short liquidations in 24 hours.
- The token now faces critical resistance, which will determine if the rally can be sustained.
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RIVER Token Jumps 19% as Short Liquidations Fuel Sharp Rally
RIVER token's price increased by 19% on April 7, 2026, recovering from a recent dip as a wave of short liquidations forced bearish traders to buy back positions.
"Over $2.5 million in RIVER short positions were liquidated in the past 24 hours, with the majority occurring in a single four-hour candle," data from Coinglass shows.
The sudden price jump was a classic short squeeze, where a rapid price increase forces short sellers to close their positions by buying the asset, which in turn pushes the price even higher. This event highlights the current volatility in the altcoin market.
The key challenge for RIVER is to maintain its momentum. The token is approaching a significant resistance level. A break above this could signal a continuation of the rally, while failure to do so may result in a sharp correction as the short squeeze momentum fades.
The recent price action for the RIVER token serves as a reminder of the inherent risks and volatility in the cryptocurrency market, particularly with altcoins. While the 19% surge provided a significant return for long positions, the event was primarily technical, driven by market mechanics rather than fundamental news. Investors will be closely watching to see if the token can establish a new support level or if this was a temporary spike. The broader crypto market context, including Bitcoin's performance and overall market sentiment, will also play a crucial role in RIVER's next move.
This article is for informational purposes only and does not constitute investment advice.
