$RONIN/USDT Technical Analysis – Bullish Momentum Still Active?

$RONIN has shown a strong bullish breakout after a long consolidation phase, surging from around $0.0850 to a local high near $0.1500. The chart currently shows a healthy pullback after the explosive move, which may create another opportunity if buyers continue defending support.

Market Structure

On the 1-hour timeframe, RONIN remains in a short-term uptrend despite recent price fluctuations. After the sharp rally, the price entered a correction phase and is now attempting to stabilize around the $0.1100 – $0.1150 zone.

The Supertrend indicator is still bullish, suggesting that momentum has not fully broken down yet. Price is also holding above the major trend support near $0.1040, which is an important level for bulls.

Key Levels to Watch

Support Zone: $0.1100 – $0.1040

This area could act as a strong buying zone if buyers defend it.

Resistance Levels:

$0.1240 (short-term resistance)

$0.1390 (strong resistance)

$0.1500 (major breakout level)

Trade Idea (High Risk)

Entry Zone: $0.1110 – $0.1150

Stop Loss: Below $0.1040

TP1: $0.1240

TP2: $0.1390

TP3: $0.1500+

Final View

RONIN is still showing signs of bullish strength after its massive pump. If volume returns and buyers defend the current support area, another upward move could happen. However, losing the $0.1040 support may weaken the bullish structure and lead to deeper correction.

Always manage risk, especially with leverage trading.