$RIVN at a critical crossroads as R2 validation units start rolling off the line in Normal! 🚙💨 Despite the production milestone, price is feeling the weight of recent analyst downgrades. Sitting right on $16.65 support—bulls need to hold the line here.
Key Levels to Confirm:
🐂 Bulls: Need a reclaim of $17.83 to shift momentum. If we hold this demand zone, eyes are on the gap up to $22.00.
🐻 Bears: A clean break below $16.00 confirms the breakdown. Next stop is the $15.05 volume profile support.
Watching the RSI closely for an oversold bounce. 📈
#hovdid #RIVN #Rivian #EVs
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Posted by Effective_Sense962