$RONIN / USDT Showing Downtrend on Binance - Testing Support! ⚔️
Looking at the $RONIN / USDT 4-hour chart, we're observing a downward trend. Currently trading at 0.489 USDT, it's down -2.20% in the last 4 hours and -0.81% today.
After failing to sustain momentum above the 0.50 USDT level, $RONIN is now testing the 24-hour low of 0.487 USDT. Breaking below this could indicate further bearish pressure in the short term.
Key Levels to Monitor Closely:
* Support: The 24-hour low of 0.487 USDT is the immediate support level. A break below this might lead to a test of lower levels around the 0.480 USDT mark.
* Resistance: The recent high of 0.511 USDT is the next significant resistance to overcome for any potential bullish reversal.
What's your outlook on RONIN? Do you think it will find support here, or are we heading for a deeper correction?
Let's share your analysis and trade carefully!
