$RONIN Technical Analysis – Binance | Target Price Update
The $RONIN pair continues to show bullish momentum, currently trading at $2.36, reflecting a +3.55% gain over the last 24 hours. The price action indicates growing interest, with potential for further upside as it approaches key resistance levels.
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Key Trading Data:
Current Price: $2.36
24h High: $2.528
24h Low: $2.222
24h Volume (RONIN): 17.24M
24h Volume (USDT): 41.24M
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Technical Indicators:
MA(7): $2.415 (short-term resistance)
MA(25): $2.357 (key support level)
MA(99): $2.210 (long-term support)
The price is holding firmly above the 25-day MA ($2.357) and 99-day MA ($2.210), signaling bullish strength and upward potential.
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Key Levels to Watch:
Immediate Resistance: $2.528 (24h High)
Breakout Target: $2.55 - $2.60 (next psychological resistance zone)
Support Levels: $2.357 (MA(25)) and $2.222 (24h Low)
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Outlook and Target:
If $RONIN breaks above the $2.528 resistance level, it is well-positioned to move toward the $2.55 - $2.60 range in the short term. Holding above $2.357 will be crucial for sustaining this momentum, while strong buying volume supports the bullish outlook.
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Conclusion:
With its current bullish trajectory and a breakout approaching, RONIN/USDT has a target price of $2.60. Traders should watch the $2.528 resistance closely, as a breakout could trigger further gains. Support at $2.357 remains key for maintaining upward momentum.
