$RONIN 🔻📈
#RONIN/USDT – Sharp Rejection After Parabolic Spike | Short-Term Bearish Bias
Market Structure
RONIN printed a parabolic move from the ~0.13 base to a blow-off high near 0.229, followed by a sharp rejection. Price has since shifted into a lower high / lower low structure on the 1H–4H timeframes, confirming a short-term bearish market structure. Momentum has clearly cooled after the vertical expansion phase.
Key Resistance Levels
0.175 – 0.180: Prior breakdown zone & local supply
0.195 – 0.200: Strong rejection area after the top
0.229: Major swing high / exhaustion top
Any bounce into these zones is likely to face selling pressure unless reclaimed with strong volume.
Key Support Levels
0.160 – 0.158: Immediate support (currently being tested)
0.148 – 0.150: Demand zone from prior consolidation
0.135 – 0.130: Macro support & origin of the last impulse
A clean loss of 0.158–0.160 increases probability of a move toward 0.15.
Volume & Order Flow
The rally was driven by aggressive volume expansion, typical of momentum chasing.
The sell-off shows distribution characteristics, with sellers dominating near the highs.
Order book shows ask-side pressure outweighing bids, confirming weak dip demand.
No meaningful volume spike on the bounce → suggests relief moves, not accumulation.
Bias & Outlook
📉 Bearish short-term while below 0.18
RONIN is in a post-euphoria cooldown phase. Unless buyers reclaim resistance with strong volume, price is likely to range lower or retest deeper demand. Patience favored; structure needs rebuilding before sustainable upside.
Invalidation: Strong reclaim and acceptance above 0.18–0.19 with volume.
#RONIN #MarketRebound #Binance #TechnicalAnalysis