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RIVER jumps 11% on perpetual market inflows but risks a bull trap amid mixed market signals

Market News
23 May 2026
AMBCrypto
View Source
Neutral
pluang ai news

RIVER surged 11% recently, driven by capital inflows in the perpetual market despite ongoing sell pressure in the spot market. The long-to-short ratio on Binance shows strong buying interest, but the broader market indicates more selling, raising concerns of a bull trap. Technical indicators like Bull and Bear Power and RSI suggest limited buying momentum and increased risk of a price reversal. Investors should be cautious as the rally may not be sustainable.

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