🚀 Analysis and forecast for $RONIN : time to exit? 📈
As of May 20, 2025, 11:50 EEST, the price of $RONIN (Ronin) on Binance is $0.70, with an increase of 11% over the last 24 hours. Trading volume reached $19.2M, and the market capitalization is $733.48M, reflecting the growing interest in the blockchain gaming-optimized ecosystem, especially after the successes of Axie Infinity.
Technically, $RONIN demonstrates bullish momentum. On the 4-hour chart, the price broke through resistance at $0.65 and settled above the 50-day moving average ($0.62), which serves as support. The 200-day SMA ($0.58) confirms the uptrend. However, the RSI (14) at 64 is close to the overbought zone, signaling a risk of correction. The nearest resistance is $0.75, support is $0.68. A breakout above $0.75 may lead to a rise to $0.85, but a drop below $0.68 will increase pressure towards $0.60.
Forecast: in the short term (by the end of May), RONIN may correct to $0.68–$0.70 due to overbought conditions, but with support from volumes and new updates (e.g., CCIP), the price could reach $1.00 by July 2025. The long-term target for 2026 is $1.50, if the project continues to scale in gaming.
Time to exit? The current price of $0.70 after an 11% rise looks high. It is recommended to lock in some profits, especially if the target of $0.75 is near. Set a stop-loss at $0.68 to protect against correction. For long-term investors, it is worth holding the position with a target of $0.85, but watch for overbought signals. The news background and activity in the ecosystem (e.g., new games) could act as catalysts for further growth or correction. #RONIN #Binance #CryptoAnalysis
