The post Can RIVER crypto target $23 next amid 20% daily surge? appeared on BitcoinEthereumNews.com.

River [RIVER]  has climbed 20% in 24 hours, clocking in gains for the second consecutive day. The altcoin rallied to a high of $86 in the first month of the year from a low of $3. However, it has since declined to these lows but has rebounded to $19, at press time. More stablecoin partnerships, such as the crvUSD one, have driven the rebound in the past two days. The stablecoin will be swapped at a 1:1 ratio with River’s satUSD. Additionally, there was a market-wide surge in tokens associated with the stablecoin narrative. Apart from RIVER crypto, Stable (STABLE) also had similar gains the previous day. Additionally, the token’s liquidity was growing following the launch of the RIVER/USDT pool on PancakeSwap. These fundamentals propelled the crypto and maintained its rally momentum. RIVER crypto eyeing the $23 target On the hourly charts, RIVER crypto consolidated in a triangle pattern for about a week. The contraction of the pattern led to a breakout that confirmed the bullish bias with a retest at the $12.66 level. Ever since, RIVER has been trading toward $23 as it bounces off the ascending trendline support. This was evident from the Trend Strength Index (TSI) at 0.86, which was only a few points away from hitting the maximum level. Additionally, the sentiment reading was at 93%. This indicated that participants were actively mentioning and engaging with the token. However, the community’s bullish expectations were at 57% as per CoinMarketCap. Source: RIVER/USDT on TradingView The move toward $23 looked possible, but breaking past that level depended on the rally’s strength. To get there, bulls first needed to clear $20, a threshold where bears reacted quickly and aggressively, as shown by the candle wick. Apart from the technical outlook, trader behavior was also important. Shorts are seeing a…

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Filed under: News - @ February 11, 2026 9:27 pm