 coin price has been in a strong bullish trend since November and has risen by 550% till now. The RON crypto has shown a sign){kind=link}
- The trading volume of the Ronin crypto has surged by 130% in the last 24-hours.
- The Ronin price has jumped by 85% in January.
The Ronin (RON) coin price has been in a strong bullish trend since November and has risen by 550% till now. The RON crypto has shown a sign of a strong rally as the price jumped from a key support level of around $0.8000, which was later followed by $1.7500 on the chart.
The key resistance level has been overcome by the RON crypto and it has the potential to reach new highs from its current base zone.
RON’s bullish strength and rising capacity are reflected in its stay above the supertrend and major 20 and 50-Day EMAs, which shows the strength of buyers.
The Ronin coin is trading at $3.46 with an intraday gain of 4.34%. The market capitalization of RON is $1.00 billion and the fully diluted market cap is $3,457,210,453. The 24-hour trading volume is $48.76 million, with an increase of 130%.
Technical Analysis of Ronin Price on Daily Timeframe
On a daily time frame, the RON crypto price has witnessed a strong buying pressure and the buyers are dominating. If the bulls remain in control, the RON price may approach the $4 mark in the next few days.
As we can see, the RON price is at an all-time high and profit booking can be initiated and the price may fall to $3. If the price defends the $3 mark and forms a bullish candlestick pattern, the price may rise again. However, if the price surpasses the last swing high, the bullish move may continue.
On the other hand, if the RON crypto price fails to defend the $3 level and sustains below this level, the sellers may become confident and the price may melt to the 20-day moving average.
However, if the Ronin price slips below the 20-day EMA with selling volume, a bearish trend can be initiated and the past profits can be eroded in the next few weeks.
Ronin Crypto Price Prediction FAQs
What is the Ronin price prediction today?
The Ronin crypto price is predicted to gain 5.36% to reach $3.49 by today.
What is the RON price forecast for tomorrow?
According to our technical analysis, the RON price is forecasted to gain 3.39% to hit $3.60 by tomorrow.
What is the Ronin price prediction for this week?
Based on our analysis, the Ronin crypto price is predicted to consolidate between $3.27 to $3.90 by the end of this week.
What is the current RON sentiment?
The current RON price prediction sentiment is bullish according to our technical analysis.
Will the Ronin price reach $5?
The RON price would need to gain 41.98% to reach $5. According to our algorithm, the RON price will hit the $5 mark by the end of 2024.
Conclusion
The RON price reflects a bullish outlook in the daily time frame. At the time of writing, the Ronin price movement is indicating a bullish scenario, as it has recently risen from a critical level and broken out of the wedge pattern.
Technical Levels
Resistance: $3.52 & $4.00
Support: $2.50 & $1.74
Disclaimer
Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.
