$RONIN SURGES HIGHER: BULLS PUSHING TOWARD A BREAKOUT!
$RONIN is trading at $2.468, maintaining a strong upward trajectory after bouncing from its recent low of $2.306. The price has shown consistent momentum, testing the immediate resistance near $2.528. This rally is backed by rising volume, signaling growing buying interest as bulls dominate the market. However, with the RSI at 78, the chart reflects overbought conditions, hinting at the possibility of a minor pullback before the next leg up.
The critical support at $2.428 is a level to watch, as it could provide a foundation for further upward moves if tested. A break above the $2.528 resistance would confirm continued bullish strength, paving the way for new highs. Traders are advised to monitor these levels closely, managing their trades carefully in anticipation of either a breakout or a retest.
The market remains favorable for bulls, but caution is necessary given the overextended momentum. Eyes on the chart as RONIN moves toward its next decisive level!