River Cryptocurrency Crashes 19%, Bulls Eye Breakout Above $13

River cryptocurrency has been experiencing volatility in recent days, with its price crashing by over 19% in the last 24 hours. This decline is attributed to various factors, including selling pressure, decreased Total Value Locked (TVL), and negative USD inflows.

The TVL, which measures the value of assets locked in the River protocol, has been declining steadily since February 6th. According to DeFiLlama data, the TVL dropped from $123 million to $91 million, resulting in a capital loss of over $30 million. Additionally, the total USD inflows were negative during the day, indicating that traders are withdrawing their capital from the altcoin.

The decline in price has also led to a decrease in the community's bullish sentiment, with bear odds rising to 38% from below 20%. However, this could be seen as an opportunity for bulls to take advantage of the situation and potentially trigger another rally. If history repeats itself, River's price could break above $13 and trigger a move similar to the one seen in January, where it rose by over 245%.