#DeepSeekImpact 📊 $RONIN
/USDT Technical Analysis (31st January 2025)
Current Price: $1.51 (+0.73%)
24H High: $1.546
24H Low: $1.491
Volume (24h): $3.26M USDT
Key Technical Indicators:
MA (7): $1.512 (Short-term)
MA (25): $1.524 (Medium-term)
MA (99): $1.520 (Long-term)
The RONIN price is currently hovering near key moving averages, indicating a potential consolidation phase before a breakout.
Price Targets 🎯:
1️⃣ Target 1: $1.54 (Immediate Resistance)
Breaking above this level could signal bullish momentum toward higher targets. Monitor volume for confirmation.
2️⃣ Target 2: $1.57 (Mid-term Resistance)
A move past this point would confirm a breakout from the consolidation phase and align with the 99-day moving average trendline.
3️⃣ Target 3: $1.62 (Long-term Resistance)
A successful breakout here would indicate a strong bullish trend, potentially drawing more buyers into the market.
💡 Key Insights:
Support Level: $1.50 (psychological and short-term support)
Trend: Neutral-Bullish (depending on volume and breakout above MA25)
Recommendation: Watch for a confirmed close above $1.54 before entering new long positions.
Keep an eye on volume and RSI levels for signs of a stronger trend reversal.