In this Ronin (RON) price prediction 2024, 2025-2030, we will analyze the price patterns of RON by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
Ronin (RON) Current Market Status/h2
RON Current Market Status (Source: CoinMarketCap)h2 What is Ronin (RON)/h2
Ronin, created by Sky Mavis, the force behind the immensely successful Axie Infinity, is an EVM blockchain tailored for gaming. Renowned for scaling Axie Infinity to host millions of daily users and processing over $4 billion in NFT volumes, Ronin prioritizes near-instant transactions and minimal fees, making it a premier choice for Web3 games. 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, stands as the second-most popular DEX by weekly active users, facilitating seamless token swaps within the Axie Infinity ecosystem. Backed by notable investors such as Accel, a16z, and Binance Labs, Ronin is battle-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), leading Sky Mavis to fortify its security measures and become an antifragile, zero-trust organization.
h2 Ronin 24H Technicals/h2
(Source: TradingView)
h2 Ronin (RON) Price Prediction 2024/h2
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Ronin (RON) ranks 86th on CoinMarketCap in terms of its market capitalization. The overview of the Ronin price prediction for 2024 is explained below with a daily time frame.
In the above chart, Ronin (RON) laid out the ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and a lower trendline that connects the rising lows.
If the trend breakout 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, then the price of RON might reach the resistance levels of $3.685 and $49.706. If the trend reverses, then the price of RON may fall to the support of $1.135, $0.396, and $0.191.
h2 Ronin (RON) Resistance and Support Levels/h2
The chart given below elucidates the possible resistance and support levels of Ronin (RON) in 2024.
RON/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Ronin (RON) for 2024.
RON Resistance & Support Levelsh2 Ronin (RON) Price Prediction 2024 — RVOL, MA, and RSI/h2
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.
RON/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Ronin (RON) market in 2024.
In the below chart, we analyze the strength and volatility of Ronin (RON) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
RON/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Ronin (RON).
h2 Comparison of RON with BTC, ETH/h2
Let us now compare the price movements of Ronin (RON) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs RON Price Comparison (Source: TradingView)
From the above chart, 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.
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Ronin (RON) between 2025, 2026, 2027, 2028, 2029, and 2030.
h2 Conclusion/h2
If Ronin (RON) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Ronin (RON) price prediction for 2024 is $8.917. Comparatively, if unfavorable sentiment is triggered, the bearish Ronin (RON) price prediction for 2024 is $1.481.
If the market momentum and investors’ sentiment positively elevates, then Ronin (RON) might hit $5. Furthermore, with future upgrades and advancements in the Ronin ecosystem, RON might 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 .
Written By:
The News Crypto
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