$RONIN /USDT is trading at 0.1723 right now and the 24h change –5.23% has clearly pushed the market into a bearish zone. Sentiment seems weak as the price is hovering very close to the 24h low of 0.1713, candles are showing straight downward pressure, and the MA lines are also confirming the downside trend. The order book appears slightly buyer-favored but momentum is still in the hands of sellers. The support zone of 0.1710–0.1700 is the most important level where the price could attempt to bounce. Resistance between 0.1738–0.1761 is a strong hurdle that will need to be broken for a short-term recovery. If the price gives a clean breakout above 0.1738, a short-term target of a move to 0.1765–0.1790 could develop, otherwise, there is a higher chance of a continued downward drift. The market is in a fragile mode at this time, so trading with caution is the best approach.

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