The RON token attains momentum, surpasses the round mark of $2 decisively, and is heading to cross the prompt hurdle of $2.130. The bulls have gained momentum and displayed a sharp rebound from the 20-day EMA mark. Meanwhile, follow-on buying momentum was exhibited, and RONIN crypto is anticipated to reach $3.
RONIN crypto price has escaped the key moving averages and is heading toward $2.30, the blue sky zone. Above it, a sharp rally may be seen, whereas the sellers looked trapped and started covering their positions. RONIN crypto recovered over 200% in recent weeks amid the market trend.
RONIN (RON) was at $1.99 at press time with an intraday gain of 4.33%, showing a pullback in the recent session. Moreover, the trading volume increased by 2.30% to $4.55 Million, highlighting bullish action. The pair of RON/BTC was noted at 0.0000465 BTC, while the market cap is $569.08 Million. Analysts are bullish and suggest that the RON price will breach $2.60 soon.
RON on Daily Charts Displays Pullback
On the daily charts, the RON crypto price exhibited a rally, replicating an intense buying action in the recent sessions. Additionally, the trend is bullish, and the token has rewarded its investors by more than 576% every year. However, the token is still bullish, and further upliftment is yet to be witnessed. Per the Fib levels, the token has escaped the 50% zone and is heading toward the 61.8% zone near $2.30.
The momentum indicator (RSI) displays that the curve stays in the overbought zone and reflects buyers’ solidity. Similarly, the MACD indicator shows the bullish crossover and reveals the outperformance. Besides that, the technical indicators are signaling a buying opportunity and the token may hit $2.50 shortly.
RON On Weekly Charts Exhibits Intense Bull Move
On the weekly charts, RON crypto displayed a sharp reversal after retesting its lows of $0.400 and delivering a massive recovery. Furthermore, the buyers have persisted in accumulating the token and are reflecting their legacy. The trend is strong and the rally may extend above $2.30 soon. Per the technical indicators, the RON token may hit $3 soon and will continue to glimpse bullishness.
Summary
The RONIN Token (RON) displays an intense rise and has reached a bullish trajectory above $2 in recent sessions. Buyers have healed their muscles and exhibited solidity, leading sellers into trouble. The technical setup signifies the outperform outlook, and the RON token may hit $3 soon.
Technical Levels
Support Levels: $1.80 and $1.65
Resistance Levels: $2.10 and $2.30
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
Source: https://www.thecoinrepublic.com/2024/01/18/ron-price-prediction-ron-anticipates-3-will-bulls-succeed/