Ronin

<ul><li>Ronin Network shows a potential bullish &#34;Cup and Handle&#34; pattern.</li><li>Ronin Network&#39;s market cap stands at $767M despite a 6.9% price decline.</li><li>Key resistance levels for Ronin are at $3.999 and $3.494, indicating critical points.</li></ul><a href="https://cryptotale.org/blockchain-gaming-surges-ronin-polygon-and-bnb-chain-lead-charge/" rel="noopener noreferrer nofollow">Ronin Network</a>, renowned for its dominance in the NFT gaming sector, is experiencing a notable technical pattern that could indicate a bullish breakout. A recent analysis by <a href="https://x.com/CryptoBusy/status/1802259129693802608" rel="noopener noreferrer nofollow">CryptoBusy</a> highlights a potential &#34;Cup and Handle&#34; pattern, suggesting a possible upward move for Ronin (RON).<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdKDFtFQ4K-RbeGGokfq4ckoVE5c70eWWz2VkrV6HK9jlCoy4mcXj8Dm4D29ydp13Xrh-mWyz09rOgzL0LHibGCAmsrj9fKwDWHiWy_NrnCxPMtjPFFXivFwl45K_oc0E00r2LOeCpUpfSBNv2qIhPjQuSY?key&#61;JwgnrDCq0aSJkHP8IgRdDw" />The &#34;Cup and Handle&#34; pattern is a bullish continuation signal, often indicating a period of consolidation followed by a breakout. This pattern comprises two main stages: the cup and the handle. The cup stage is characterized by a rounded bottom, reflecting a gradual shift from selling to buying pressure. For Ronin, this formation occurred from mid-2023 to early 2024, demonstrating a steady accumulation phase. Following the cup&#39;s peak, a pullback or consolidation forms the handle, which was observed in early 2024, where Ronin consolidates its gains before a potential breakout.<a href="https://cryptotale.org/ronin-networks-cup-and-handle-pattern-indicates-possible-breakout/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Ronin Network's Cup and Handle Pattern Indicates Possible Breakout

CryptoTale

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