Current Price: $2.402 (+6.28%)
$RONIN is displaying bullish momentum, rebounding strongly from an intraday low of $2.331. Buyers are stepping in with confidence, setting the stage for a potential breakout.
Key Levels to Watch:
🔹 Resistance:
Immediate at $2.466
Strong at $2.528
Breakout target: $2.550+
🔹 Support:
Firm at $2.390
Stop-loss recommendation: $2.365
Indicators:
📈 RSI: Currently at 67.7, indicating strong bullish momentum but nearing overbought territory.
📊 MACD: Flattening histogram, hinting at a potential breakout.
Trading Insight:
If the current momentum sustains, traders can look for short-term gains targeting $2.450, $2.500, and eventually $2.528. Watch for increased volume to confirm the move above $2.50.
Pro Tip:
Stay cautious of a pullback near resistance levels. Use stop-loss at $2.365 to manage risks while capitalizing on the potential rally.
