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Technical Analysis

Ronin (RON) Bounces Off the $0.1350 Baseline

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The Ronin coin has returned to the radar of top-performing coins in the market. As of the time of writing, the coin has registered a price increase of 8.89% in today’s trading session. However, price action in this market remains below important technical levels.

RON Statistics

Current Price: $0.1367

Market Capitalization: $106.33M

Circulating Supply: 729.05M RON

Total Supply: 1B RON

CoinMarketCap Rank: 256

Key Levels

Resistance: $0.1400, $0.1500, $0.1600

Support: $0.1300, $0.1200, $0.1100

Ronin (RON) Bounces Off the $0.1350 Baseline

Ronin Needs More Push

Price activity in the RON/USDT daily market fell sharply below the Exponential Moving Average (EMA) line over the past two sessions. The ongoing session has presented an upward pullback.

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Ronin Needs More Push (Continued)

Nevertheless, the token continues trading below the 9-day EMA curve. The lines of the Stochastic Relative Strength Index (SRSI) can still be seen plunging downward, reflecting the price decline over the previous two sessions.

Ronin (RON) Bounces Off the $0.1350 Baseline

RON Hits a Bearish Pullback in the Short Term

On the Ronin 4-hour chart, price activity has resurfaced above the 9-day EMA curve. However, the most recent price candle remains above the 9-day EMA while appearing red.

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Meanwhile, the SRSI lines remain pointed northward since their recent crossover in the oversold region. The lead line of the SRSI is currently testing the 80 mark, while the lagging line approaches the 60 mark. At this point, if the 9-day EMA provides strong support, price action may propel toward the $0.1600 price level.

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