Market Overview: Ronin (RONINUSDT) – 24-Hour Analysis (2025-08-24)

Ronin opened at $0.559, hit a high of $0.565, and a low of $0.549, closing at $0.552 by 12:00 ET on 2025-08-24. Total 24-hour volume was 1,330,732.36 with a turnover of $712,636.10.

• Price dipped below key support at $0.556 after a failed breakout above $0.562.
• RSI signaled overbought conditions near $0.563, followed by a sharp correction.
• Volatility expanded midday as price traded between $0.553 and $0.560.
• A bearish engulfing pattern formed on 08:45–09:00 ET, confirming downward momentum.
• Bollinger Band contraction in the morning was followed by a breakout and reversal.

Structure & Formations

RONINUSDT saw a distinct bearish shift after reaching a high of $0.565. A key resistance level emerged around $0.562–0.563, where the asset failed to sustain above, triggering a sharp sell-off. This led to a bearish engulfing pattern on the 15-minute chart, followed by a breakdown below the $0.556 support level. A potential new support zone appears to be forming between $0.551 and $0.553, where the price has found a floor multiple times in the past 24 hours.

Moving Averages

On the 15-minute chart, the 20- and 50-period moving averages have been in a bearish alignment since late morning, with price staying below both. The daily 50-period MA is currently at $0.558, while the 200-period MA is at $0.554, suggesting short-term bearish bias with a potential test of the longer-term trend.

MACD & RSI

The MACD showed bearish divergence after a bullish signal in the early hours, as the histogram contracted sharply during the sell-off. RSI peaked at 68 before falling to 47, indicating overbought conditions were met with selling pressure. A reading below 50 suggests weakening momentum, with a potential oversold level near 35–40 to watch in the next 24 hours.

Bollinger Bands

Volatility expanded during the afternoon, with price breaking out of a narrow range and closing the gap between bands. This expansion often precedes a directional move, though the failure to hold above $0.562 suggests a bearish continuation could follow. The upper band currently sits at $0.563, while the lower band is at $0.549, with price hovering near the middle.

Volume & Turnover

Volume spiked during the morning sell-off, with the $0.558–0.560 range witnessing the highest turnover. However, volume has dropped off in the afternoon, suggesting a potential pause in the trend. A divergence between price and volume during the rally from $0.550 to $0.558 raises questions about sustainability. Notional turnover peaked at $21,579 during the 00:30–00:45 ET session.

Fibonacci Retracements

Applying the Fibonacci retracement to the key swing high at $0.565 and the low at $0.549, the 38.2% level at $0.556 appears to be a critical area. Price has tested this level twice and is likely to face further pressure toward the 61.8% level at $0.552, where it found support recently. A break below $0.552 could target $0.549, the 100% retracement level.

Looking ahead, Ronin may consolidate near $0.552–0.554 if the downward momentum stabilizes, but risks a deeper pullback if $0.552 is breached. Investors should remain cautious of the $0.551 level, where a breakdown could signal an accelerated decline.