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RIVER's recent rally has gained over 55%, and the driving force behind it is actually quite simple—funds are highly concentrated in a short period of time. The characteristic of such coins is that the pricing power is concentrated in the hands of a few large players, and the price movement often diverges from the fundamentals, making it a classic "hot money coin."
At the high range of $27 to $29, you'll notice that the market activity is particularly intense. This is no coincidence. Large players often create volatility at high levels to attract retail investors to follow suit, providing liquidity for these new entrants to absorb. When there is increased volume but the price remains stagnant, it indicates that the main players are quietly offloading, which is a dangerous signal.
Even more interesting is the $30 threshold. For short-sellers, this is both a technical and psychological barrier. If the price can hold steady here, it may trigger a rapid short squeeze (short-term squeeze), which can be very fierce. Conversely, if the price cannot break through this level repeatedly, profit-taking by the bulls will surge, potentially causing a sharp and deep decline.
This is the essence of market competition: every price point is a battle between bulls and bears, with psychological and capital battles never ceasing.