Market Overview for Ronin/Bitcoin (RONINBTC)

• Price action showed a bullish bias in early sessions but faced resistance in the late hours.
• Volatility expanded significantly during the 18:00–20:00 ET window, with strong volume spikes.
• RSI and MACD indicate mixed momentum, with RSI hovering near overbought territory.
• Key support appears around 3.52e-06, with a recent high at 3.63e-06 acting as resistance.
• Bollinger Bands showed a mild expansion, reflecting increased market attention.

24-Hour Snapshot

Ronin/Bitcoin (RONINBTC) opened at 3.53e-06 on 2025-10-13 at 12:00 ET and closed at 3.55e-06 on 2025-10-14 at 12:00 ET, with a high of 3.63e-06 and a low of 3.47e-06. Total volume for the 24-hour window was approximately 152,074.41 units, and total turnover amounted to roughly $468.30 (assuming a BTC price of $65,000 for turnover calculation). The pair showed mixed but generally bullish action, with notable volume-driven rallies in the 18:00–21:00 ET window.

Structure & Formations

The 24-hour OHLCV data for RONINBTC revealed a bullish structure in the early hours of the session, with the price breaking through prior resistance near 3.59e-06 and reaching a high of 3.63e-06. However, bearish pressure returned in the later hours, with the price retreating slightly. Notable candlestick patterns included a morning star near 3.55e-06 and several spinning tops and hammers in the 03:00–05:00 ET window, indicating indecision and potential support. A key support level appears to have formed around 3.52e-06–3.55e-06, where the price found a bottom multiple times.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages indicate a bullish bias, with price frequently above both. The 20SMA crossed above the 50SMA during the 19:00–20:00 ET window, suggesting a potential short-term bullish crossover. On the daily chart, the 50DMA and 100DMA are converging, with the 200DMA acting as a strong support level around 3.48e-06.

MACD & RSI

The MACD for RONINBTC remained in positive territory for much of the session, with a bullish divergence appearing as price made lower lows while the MACD made higher lows. The histogram showed expansion during the 18:00–21:00 ET rally, indicating strong momentum. The RSI reached overbought territory near 70 during the 21:00–23:00 ET window, but failed to break through the key resistance level of 3.63e-06, suggesting possible exhaustion. RSI is currently consolidating between 55 and 65, indicating neutral-to-bullish momentum.

Bollinger Bands

Bollinger Bands showed a modest expansion during the 18:00–21:00 ET window, indicating increased volatility and attention. Price action remained within the bands for most of the session but tested the upper band multiple times, especially between 19:00 and 21:00 ET. A contraction was observed in the 04:00–06:00 ET window, followed by a breakout attempt, which may signal a potential reversal in volatility.

Volume & Turnover

Volume was generally strong between 18:00 and 21:00 ET, with a spike of 5,510.31 units at 21:15 ET pushing the price to a high of 3.63e-06. This was followed by a sharp pullback and a bearish move in the 02:00–04:00 ET window, where volume also increased significantly. The total turnover aligned with the volume spikes, indicating strong notional activity and investor interest during the 18:00–21:00 ET rally.

Fibonacci Retracements

Fibonacci retracement levels were tested during the 19:00–21:00 ET rally. The 38.2% retracement level (around 3.58e-06) served as a key support, while the 61.8% level (around 3.55e-06) acted as resistance during the pullback. The price found support at the 61.8% level multiple times, indicating a potential reversal point. The 78.6% level (around 3.49e-06) also showed bearish resistance, with the price declining after hitting it.

Backtest Hypothesis

Given the mixed signals from traditional indicators and the absence of the Pivot-Point R1 data, a practical backtest strategy could rely on the 30-day rolling high as a dynamic resistance level. This approach avoids external dependencies and can be applied consistently across all available data from 2022-01-01 onward. An event would be defined as a price close above the 30-day high. For RONINBTC, the most recent 30-day high would represent a key area of interest for such a backtest. This method aligns with the observed price behavior of RONINBTC, where prior highs often act as strong resistance levels. The success of this strategy would depend on the strength of the volume and momentum at such levels, as seen in this session's 19:00–21:00 ET rally.