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. Read More: What Are Sidechains And How Do They Work? 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