$RONIN / USDT | Technical Analysis 📉

Current Price: $0.485

24H Change: -8.66%

Timeframe: 1H

🔻 Trend: Bearish Retracement After Sharp Spike

RONIN recently spiked to a high of $0.624 but has since retraced sharply. Price is now sitting right at the 9 EMA ($0.485), slightly below the 20 EMA ($0.490). This indicates a potential pause or minor bounce, but overall structure shows a pullback phase after a vertical move.

📌 Potential Entry Zone (Bounce or Retest Play): $0.472 – $0.482

🎯 Target 1: $0.503 (minor resistance / price congestion zone)

🎯 Target 2: $0.538 (24H high)

🛑 Stop Loss: $0.460 (below 200 EMA and recent wick zone)

📊 Indicators & Insights:

RSI(9): 43.88 → Neutral, suggesting cooling momentum but not yet oversold.

Volume: Decreased from peak; post-spike volume drop signals fading momentum.

EMA Structure: Price is holding above EMA-50 ($0.484) and EMA-100 ($0.470), which are rising. This may act as support if tested again.

Price Action: Strong impulse rally followed by a textbook retracement. Holding above $0.470 keeps bullish bias intact short-term.

⚠️ Caution:

RONIN remains above structural support, but without rising volume or bullish RSI divergence, continuation is uncertain. If price drops below $0.470, expect deeper retracement toward $0.460. Watch for bullish reversal candles or volume surge near support zones.