$RONIN tried to extend higher, but this currently looks like rejection, not continuation. On 4H, the broader structure is still above MA30 and MA200, but the failure to hold above 0.099 - 0.100 after tagging 0.1048 is a warning. On 15M, momentum is weaker: price slipped under MA30, RSI cooled hard, and MACD remains negative. Yes, Ronin has a fresh governance/staking overhaul narrative, but supply-accounting concerns and remaining unlock overhang still make this a weaker momentum setup than it looks at first glance.

Bias: Short

Entry: 0.0976 - 0.0990

SL: 0.1008

TP1: 0.0958

TP2: 0.0939

TP3: 0.0913

If $RON cannot quickly reclaim 0.099 - 0.100, I expect sellers to stay in control. Right now this looks more like a failed extension that needs a reset before bulls deserve trust.

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