$RONIN /USDT – Bullish Reversal Taking Shape (Technical Analysis & Trade Signal)
Current Price: $0.515 (+3.21%)
24h Range: $0.494 – $0.589
Trend: Bullish Reversal Setup
Momentum: Strengthening after support rebound
🔍 Technical Overview:
RONIN has bounced from the $0.494 support zone and is now consolidating above $0.510, signaling early signs of a potential trend reversal.
Increasing buying volume and supportive price structure suggest that a retest of higher resistance levels is likely if momentum holds.
📈 Trade Setup:
Entry Zone: $0.510 – $0.515 (accumulate near support flip)
Stop-Loss: $0.488 (below recent support structure)
🎯 Target Levels:
Target 1: $0.538 – Initial resistance
Target 2: $0.562 – Breakout continuation level
Target 3: $0.589 – Major resistance and previous high
⚡ Momentum Outlook:
Bullish Momentum – As long as RONIN holds above $0.510, the setup favors continued upside. A breakout above $0.538 could accelerate bullish movement toward upper resistance targets.