Selloff tests the $16.96–$19.84 range. Can RIOT avoid deeper losses?

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Riot Platforms drops 2.23% to $18.40

Highlights

RIOT/USD is in a bearish stance, trading below short- and medium-term moving averages with high intraday volatility.
Momentum indicators consistently point to strong selling pressure, with most signaling sustained weakness and intraday oversold conditions.
Price is expected to consolidate between $16.96 and $19.84, with higher probability for a further downside move below key support.

Bearish momentum persists amid resistance and broad indicator weakness

On the technical front, RIOT is trading below its MA-20 and MA-50 on the hourly chart and just under its MA-200 on the daily chart. Immediate resistance is marked by the Ichimoku Kijun level at $19.93. Momentum readings are decisively bearish: the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) both signal persistent selling interest, while the Relative Strength Index (RSI) and Commodity Channel Index (CCI) remain in sell territory. Bull/Bear Power is oversold, reflecting strong seller dominance intraday. The Stochastic RSI is neutral, and the Awesome Oscillator does not confirm the prevailing move. There is no significant divergence among indicators.

Bearish bias deepens as range holds and upside odds fade

In the near term, RIOT is expected to trade in a range between $16.96 and $19.84, reflecting typical volatility relative to current levels. The probability of an upward move is very low, while the likelihood of a downward move is high. The baseline scenario calls for price to hold within this sideways corridor. A break above $19.93 would indicate a bullish reversal, while a decisive drop below $16.96 would open the way for further declines.

Viktoras Karapetjanc, analyst at Traders Union, notes that RIOT is currently under pressure, with bearish momentum dominating short-term trading. He sees sentiment as weak, with technical signals pointing to a high risk of further downside. The analyst remains constructive due to typical volatility and the possibility of a rebound if resistance levels are cleared. "As long as $16.96 holds, I view this range as an opportunity for active traders — but a break above $19.93 is needed to confirm any real recovery."

Previously it was reported that Riot Platforms faced persistent downside pressure amid ongoing technical weakness and heightened volatility. The latest developments not only reinforce this bearish outlook but also indicate that traders should closely monitor for a potential break of $16.96, which could signal a deeper move lower.

Source of Data: RIOT Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.