$RONIN is currently exhibiting a bearish market structure, with the price at 0.475 USDT.
It is hovering near the support level of 0.474 USDT, suggesting a potential breakdown may occur.
A possible trading strategy could involve a range-bound play, targeting resistance at 0.486 USDT.
Traders should be cautious, as Bitcoin's volatility and ongoing macroeconomic events can significantly impact RONIN's price movements.
Monitoring trading volume, currently at 257,465.84, may provide further insights into market sentiment.
The RSI at 39.72 indicates that the asset may be nearing oversold territory, signaling potential rebound opportunities.
