$RONIN Breakout Alert – Short-Term Pump or Reversal Brewing?

$RONIN is flashing green with a sharp +4.68% move today, currently priced at $0.694 after touching a 24h high of $0.721. The token spiked hard from $0.622, signaling a potential breakout after a deep downtrend.

Key Highlights:

Quick rally off the $0.622 bottom, pushing past multiple hourly resistances.

Buy-side pressure at 61.07%, but not overwhelming—watch for quick profit-taking.

30-day trend remains positive at +42.89%, suggesting mid-term strength despite heavy long-term losses.

Resistance Levels:

$0.721 – recent high and immediate resistance.

Next target zone: $0.75–0.78, if bullish momentum sustains.

Support Zones:

First support: $0.68, followed by stronger support at $0.66–0.65.

Breakdown back below $0.65 may invalidate short-term bullish setup.

Caution Flags:

Despite today's green, RONIN is down 75% YoY.

Heavy long-term downtrend makes this rally fragile—momentum traders only.

Conclusion:

$RONIN is heating up, but this could be a short-lived squeeze unless backed by volume and strong follow-through. Watch the $0.721 level closely—it’s the line between breakout and fakeout.

Disclaimer: Always DYOR. Use stop-losses. Manage your risk. And don’t YOLO your rent money.

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