Ronin (RON) – April 22, 2025 Update
Current Price: $0.54
24h Change: +2.5%
Market Cap: $1.62 billion
24h Trading Volume: $18 million
Circulating Supply: 3 billion RON
Max Supply: 10 billion RON
All-Time High: $2.23 (January 13, 2025)
📊 Technical Analysis
RSI (14): 61.48 – The RSI indicates that the market is still in an uptrend but is nearing the overbought zone, signaling the potential for a short-term pullback.
MACD (12,26): 0.015 – The MACD crossover still shows an uptrend, supporting further price increase.
Stochastic (9,6): 72.50 – In the overbought zone, suggesting a possible short-term correction.
ADX (14): 35.40 – The ADX indicator shows a strong uptrend, with stability in the buying pressure.
CCI (14): 82.12 – Positive, supporting the ongoing uptrend.
📈 Trend Analysis
Ronin is maintaining a stable uptrend, supported by strong technical indicators like RSI and MACD. However, with RSI approaching the overbought zone and Stochastic in the overbought range, a slight pullback may be expected in the short term. Trading volume remains relatively high, indicating strong investor interest.
📌 Suggested Strategy
Short-Term: Wait for a slight pullback to the support level around $0.50 before entering. If the price holds at this level, a recovery and continued upward movement are likely.
Long-Term: If the uptrend continues, monitor the next resistance levels, especially around $0.60. Maintain a gradual buying strategy if the market continues its growth.
