Ronin is Trading 9.47% Above Our Price Prediction for Mar 08, 2024

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Ronin is down -3.03% today against the US Dollar
• RON/BTC decreased by -5.60% today
• RON/ETH decreased by -4.38% today
• Ronin is currently trading 9.47% above our prediction on Mar 08, 2024
• Ronin gained 1.48% in the last month and is up 298.82% since 1 year ago

RON price is expected to drop by -8.15% in the next 5 days according to our Ronin price prediction

is trading at $ 2.97 after losing -3.03% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 0.13% in the same time period. RON performed poorly against BTC today and recorded a -5.60% loss against the world’s largest cryptocurrency.

According to our Ronin price prediction, RON is expected to reach a price of $ 2.72 by Mar 08, 2024. This would represent a -8.15% price decrease for RON in the next 5 days.

RON Price Prediction Chart

Buy/Sell Ronin

What has been going on with Ronin in the last 30 days

Ronin has been displaying a positive trend recently, as the coin gained 1.48% in the last 30-days. The medium-term trend for Ronin has been bullish, with RON increasing by 132.46% in the last 3 months. The long-term picture for Ronin has been positive, as RON is currently displaying a 298.82% 1-year price change. On this day last year, RON was trading at $ 0.745279.

Ronin reached its all-time high price on Jan 26, 2022, when the price of RON peaked at $ 3.99. The current RON cycle high is $ 3.52, while the cycle low is at $ 0.120008. RON has been displaying low volatility recently – the 1-month volatility of the coin is at 7.47. Ronin recorded 15 green days in the last 30 days.

Ronin technical analysis for today – Mar 04, 2024

The sentiment in the Ronin markets is currently Bullish, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $ 2.82, $ 2.70 and $ 2.62, while $ 3.02, $ 3.09 and $ 3.22 are the key resistance levels.

Bullish sentiment for Ronin

24 indicators are currently signaling a bullish prediction for Ronin, while 3 indicators are showing a bearish forecast. With 89% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Ronin.

Crypto market is currently experiencing Extreme Greed

Currently, the Fear & Greed index is at 83 (Extreme Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Ronin moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Ronin is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Ronin is at 52.57, suggesting that RON is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Ronin over the last 50 days. Currently, Ronin is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the RON closing price for the last 200 days. RON is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Ronin prediction

After considering the above factors, we can conclude that the current forecast for Ronin price prediction is Bullish. RON would have to decrease by -8.15% to hit our $ 2.72 target within the next five days. Moving forward, it will be important to monitor the RON market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Ronin price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.