$RONIN has shown a price increase of 1.16% over the past 24 hours.
The 24h high and low are 0.439 and 0.429, respectively, indicating confined trading.
Bollinger Bands suggest a tighter range, with upper and lower bands at 0.437 and 0.427.
Support at 0.429 and resistance at 0.439 reflect a well-defined channel.
The overall market trend remains bullish, although the strength appears moderate.
Macroeconomic factors, such as inflation data and regulatory news, can influence sentiment, but Bitcoin’s correlation here is undefined.
Traders may consider a short-term approach due to current volatility, as price approaches resistance.
Key takeaway: RONIN displays a narrow trading range, with potential for breakout but requiring close monitoring of macro factors.
