📊 Technical Analysis: $RONIN
/USDT on Binance 🚀
Current Price: $1.939 (+3.97%)
24h Range: $1.833 - $1.950
Volume Surge: 5.88M in 24h
Technical Overview
The RONIN/USDT pair is showing bullish momentum, with the price breaking recent resistance levels and forming a higher low. This suggests a potential continuation of the upward trend. Key indicators:
RSI: Near overbought levels but still holding strength, signaling ongoing buying pressure.
MACD: Bullish crossover on the daily chart.
Support Zone: $1.83
Resistance Levels: $1.95 (current), $2.00 (psychological), and $2.15.
🎯 Targets
1. Short-Term Target: $2.00
A psychological resistance level where profit-taking might occur. Breaking above could solidify bullish sentiment.
2. Mid-Term Target: $2.05-$2.10
This zone marks previous consolidation. If volume continues to rise, it could pave the way for further upside.
3. Long-Term Target: $2.15
A critical resistance level tested in prior sessions. Breaking this may indicate the start of a more substantial rally.
🔍 Key Insights
Watch for pullbacks near $1.83 for potential buying opportunities.
If the price breaks $1.95 with volume, expect acceleration toward $2.00 and beyond.
Monitor overall crypto market trends, as broader market sentiment could influence RONIN's performance.
Stay updated and trade responsibly! 💹
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