Heres Why the Ronin (RON) Price Increased Above $3

　　Veja por que o preço do Ronin (RON) aumentou acima de US$ 3

　　The Ronin (RON) price has increased siwftly in the past three months and moved above $3 for the first time in two years today.

　　RONIN is quickly approaching its all-time high price. Can it reach it in February？

　　Ronin Breaks Out Above $3

　　The technical analysis from the 3-day chart shows that RON has increased rapidly since breaking out from a descending resistance trend line in October.

　　The increase has been near parabolic since RON has barely experienced any retracement at all.

　　The upward movement accelerated further in January, leading to a high of $3.03 today. This was the highest price in more than 700 days, more specifically since February 2022.

　　RON is approaching the final horizontal resistance area at $3.50.

　　RON/USDT 3-Day Chart.

　　The 3-day Relative Strength Index (RSI) shows signs of weakness.

　　While the indicator is still increasing, it has generated a bearish divergence, a sign often associated with bearish trend reversals.

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　　RON Price Prediction: How Long Will Increase Continue？

　　Despite the bearish divergence in the 3-day time frame, the daily chart suggests the upward movement will continue. This is because of the price action and RSI readings.

　　The price action shows that RON broke out from an ascending parallel channel existing since December 2023. Such breakouts often lead to an upward movement.

　　The increase may have occurred after Coinbase announced that it had added RON to its roadmap.

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　　Furthermore, the daily RSI is increasing (green icon) and moved into overbought territory. There is no bearish divergence in the daily time frame.

　　If the upward movement continues, RON can increase by another 15% and reach the $3.50 resistance area.

　　RON/USDT Daily Chart.

　　Despite this bullish RON price prediction, a decrease inside the channel can trigger a 30% drop to the ascending support trend line at $2.30.

　　Aviso Legal

　　De acordo com as diretrizes do Trust Project, este artigo de análise de preços é apenas para fins informativos e não deve ser considerado um conselho financeiro ou de investimento. BeInCrypto está comprometido com relatórios precisos e imparciais, mas as condições do mercado estão sujeitas a alterações sem aviso prévio. Sempre conduza sua própria pesquisa e consulte um profissional antes de tomar qualquer decisão financeira. Observe que nossos Termos e Condições, Política de Privacidade e Isenções de responsabilidade foram atualizados.