🚀 $RON USDT Update: Ronin is trading at $0.05318, down -0.28% on the day, cooling off after tapping a local high of $0.05585 before sellers stepped in hard. The 15m chart shows a clear downtrend — MA5 (0.05320), MA10 (0.05331), and MA20 (0.05337) are all stacked bearishly above price, capping any bounce attempts. Immediate support sits at 0.05275 (today's low, tested and held once already), with the next support zone near 0.05200 if that breaks. On the upside, resistance is layered at 0.05360–0.05370 (recent consolidation zone) and then the swing high at 0.05506–0.05585. Watch for a reclaim of 0.05337 (MA20) as the first sign buyers are stepping back in — that could open a move toward 0.05440–0.05500 🎯. If price loses 0.05275, momentum likely accelerates lower toward 0.05200, so a stoploss just below 0.05270 makes sense for longs, while shorts would want theirs tight above 0.05370. Next move: consolidation/basing likely before a decisive breakout either direction — patience over chasing here.



⚠️ This is a technical read of the chart only, not financial advice — do your own research and manage risk before trading.#BrentReturnsTo100 #UStoImpose10To12.5PercentTariffsOn60Economies
RON-4.22%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned