MOVR Price Analysis

Market Overview

Moonriver exhibits intriguing fundamentals, supported by a circulating supply of 10015504, and maintains a steady market capitalization at $59.69M. Transactional activity remains lively, as seen in the 24-hour volume of $6.37M, and the average daily volume at $25.24K highlights active participation among traders. Market sentiment, however, appears decidedly risk-averse, as evidenced by a Fear & Greed index score of 23, classified as Extreme Fear. Such sentiment often leads to defensive positioning, affecting both liquidity and price discovery. While the asset’s recent price movement and fundamental structure still attract opportunistic investors, the presence of extreme fear in the market tempers short-term bullish expectations. Overall, the interplay between supply, volume, and sentiment will be crucial for Moonriver’s trajectory in the coming months.

Technical Analysis

From a technical perspective, Moonriver's recent price action is characterized by a notable degree of volatility, as indicated by a 24-hour volatility of 0.35%. Short-term momentum shows mixed signals; despite a price change over 24 hours at -3.61%, the asset's movement in the last 7 days remains relatively neutral at 0.00%. Analyzing the simple moving averages, Moonriver appears to be in a prevailing downtrend. The 7-, 30-, 90-, and 200-period SMAs are all sloping downward, suggesting that bears still have control over the medium to longer-term charts. However, the current price of $5.97 is sitting well above all the listed SMAs, which could indicate a potential reversal if momentum builds. With fluctuating volumes and sharp hourly changes such as $1.05K, tactical traders might be eyeing a turning point but are likely to remain cautious until trend confirmation.