RIVER's recent market movement is quite interesting. Looking at the daily chart, the market is clearly building momentum. The spot price has already broken through $16, and the futures should be catching up soon.

The key issue is the distribution of chips. The majority is still held by the big players, which means there is limited restriction on the potential for further upward movement. There are basically no significant resistance levels above, unless there is a sudden news event causing a sell-off. Otherwise, this momentum can be maintained.

However, it should be noted that in markets with high concentration, volatility can be quite intense. The correlation effect between spot and futures will also become more apparent. In the short term, if the spot price continues to stay above $16, the likelihood of futures following suit is quite high.