The current RONIN/USDT price is fluctuating at 1.949, up 5.52% in the last 24 hours. Do you think this upward trend can be sustained?

In the 15-minute timeframe, the price has formed a local peak at 1.987 and is showing signs of correction. The MA(7) and MA(25) indicate that the price has just broken through a short-term support, which could be a slight bearish signal before confirming the next trend. Trading volume remains stable but with no clear breakout, signaling that market sentiment is cautious.

Analysis

Resistance: 1.987 (nearest peak).

Support: 1.923 (MA 99).

RSI is at a neutral level, not signaling any clear overbought or oversold zones.

Advice and trading strategy

Entry point: Consider buying if the price tests support at 1.923 and bounces back up.

Take profit: Resistance zone 1.980 - 1.987.

Stop loss: Set a stop loss at 1.895 to minimize risk if the price breaks through support.

Capital management: Do not use more than 2% of total capital in this trade to ensure safety.

Do you believe that RONIN will recover to the 2.0 range soon? Please share your thoughts!

#RONIN #CryptoTrading #MarketAnalysis