In this Ronin (RON) price forecast 2024, 2025-2030, we will analyze the price patterns of RON using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
Ronin (RON) Current Market Status
What is Ronin (RON)
Ronin, created by Sky Mavis, the force behind the hugely successful , is an EVM blockchain tailored for gaming. Known for scaling Axie Infinity to host millions of daily users and process more than $4 billion in NFT volumes, Ronin prioritizes near-instant transactions and minimal fees, making it a premier choice for Web3 gaming. In its initial nine months, Ronin achieved 250,000 unique daily active addresses, $5 billion in TVL and 15% of all NFT transactions.
The DEX Katana, Ronin’s decentralized exchange, ranks as the second most popular DEX by weekly active users, facilitating seamless token exchanges within the Axie Infinity ecosystem. Backed by notable investors such as Accel, a16z and Binance Labs, Ronin is tested, scalable and environmentally friendly, making it a secure and optimal blockchain solution for gaming.
Furthermore, Ronin underwent a security incident in March 2022 (The Ronin Validator Breach), which led to Sky Mavis strengthening its security measures and becoming an anti-fragile, zero-trust organization.
Ronin 24H Technical
Ronin (RON) Price Prediction 2024
Ronin (RON) is ranked 86th on CoinMarketCap in terms of its market capitalization. The overview of the Ronin price forecast for 2024 is explained below with a daily time frame.
In the above chart, Ronin (RON) has outlined the ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trend line connecting the highs and a lower trend line connecting the rising lows.
If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern.
At the time of analysis, the price of Ronin (RON) was recorded at $3,467. If the pattern trend continues, the price of RON may reach the resistance levels of $3.685 and $49.706. If the trend reverses, the price of RON may fall to the support of $1.135, $0.396 and $0.191.
Ronin (RON) Resistance and Support Levels
The chart below gives the possible resistance and support levels of Ronin (RON) in 2024.
From the above chart, we can analyze and identify the following as resistance and support levels of Ronin (RON) for 2024.
Ronin (RON) Price Prediction 2024 – RVOL, MA and RSI
The technical analysis indicators such as relative volume (RVOL), moving average (MA) and relative strength index (RSI) of Ronin (RON) are shown in the chart below.
From the readings on the chart above, we can make the following conclusions about the current Ronin (RON) market in 2024.
Ronin (RON) Price Prediction 2024 — ADX, RVI
In the chart below, we analyze the strength and volatility of Ronin (RON) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can draw the following conclusions about the price momentum of Ronin (RON).
Comparison of RON with BTC, ETH
Now let’s compare the price movements of Ronin (RON) with those of (BTC), and (ETH).
From the above graph, we can interpret that the price action of RON is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of RON also increases or decreases respectively.
Ronin (RON) Price Prediction 2025, 2026 – 2030
With the help of the above technical analysis indicators and trend patterns, let’s forecast the price of Ronin (RON) between 2025, 2026, 2027, 2028, 2029 and 2030.
Closure
If Ronin (RON) establishes itself as a good investment in 2024, this year will be favorable for the cryptocurrency. Finally, the bullish Ronin (RON) price forecast for 2024 is $8,917. In comparison, if unfavorable sentiment is triggered, the bearish Ronin (RON) price forecast for 2024 is $1,481.
If the market momentum and investor sentiment increase positively, Ronin (RON) could reach $5. Furthermore, with future upgrades and advancements in the Ronin ecosystem, RON could surpass its current all-time high (ATH) of $4.32 and mark its new ATH.
This content was originally published by our partners at The News Crypto.
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