$RIO Breaks Long-Term Downtrend as Fibonacci Targets Come Into Focus

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com $RIO broke out from a long-term downtrend, with weekly candles confirming momentum near key Fibonacci resistance zones.The 10, 30, and 60-day EMAs formed bullish crossovers, showing short- and mid-term strength after months of downward pressure.No retest followed the breakout above the trendline, suggesting confidence from buyers and room for continued upside movement.Realio Network’s native token $RIO has shown a sharp recovery, climbing 39.58% from recent lows. Both weekly and daily charts now suggest the possibility of a sustained trend reversal toward higher resistance zones.Weekly Structure Targets Key Fibonacci ZonesSource: Crypto SalamancaAs we can see from the post above, one bullish analyst, Crypto Salamanc, believes $RIO has entered a new uptrend phase. Tracking price behavior on the weekly chart, he identified a reversal pattern after the token bottomed near $0.12488. The recent bullish engulfing candles and a close above last week’s high confirm buying momentum.According to Crypto Salamanca, observing market movements through Fibonacci retracement reveals critical resistance levels at $0.82481, $1.25782, and $1.60778. He has provided insights suggesting that $RIO’s price recovery aligns with typical post-downtrend rebound zones. He noted that $RIO is structured to sustain long-term growth, making it viable beyond a single cycle.Taking a closer look at the chart’s historical structure, Salamanca highlighted repeated rejections at the 0.382 and 0.5 retracement levels. These zones previously marked turning points during failed rallies. Based on his view, reclaiming $1.25782 would indicate strength returning to the broader trend.Daily EMAs Confirm Momentum ReversalTracking short-term indicators, another bullish analyst, Maziar, focused on the daily chart and exponential moving averages. He noted a confirmed breakout above the long-term descending trendline, which had held since October 2024. Observing market movements, the EMA crossover patterns reinforce a decisive trend reversal.Source: MaziarAccording to Maziar, the 10-day EMA has moved above both the 30-day and 60-day EMAs. He explained that price now trades above all three, with growing distance signaling sustained momentum. The upward slope across EMAs reflects a coordinated shift in both short- and mid-term direction.He has presented a detailed analysis showing the 60-day EMA has flipped from resistance to support. What’s even more compelling is the lack of a trendline retest, which usually occurs during weaker breakouts. Not only that, but there’s also no visible overhead resistance from recent candles, supporting further upside potential.Source link