- Bullish RON price prediction for 2024 is $3.508 to $4.584.
- Ronin (RON) price might reach $5 soon.
- Bearish RON price prediction for 2024 is $1.733.
In this Ronin (RON) price prediction 2024, 2025-2030, we will analyze the price patterns of RON by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
RONIN (RON) PRICE PREDICTION 2024 |
|
| RONIN (RON) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Ronin (RON) Current Market Status
| Current Price | $3.17 | 24 – Hour Price Change | 2.30% Up |
| 24 – Hour Trading Volume | $21,375,595 |
| Market Cap | $1,030,046,995 |
| Circulating Supply | 324,308,327 RON | All – Time High | $4.50 (On Mar 13, 2024 ) |
| All – Time Low | $0.1976 (On Nov 22, 2022) |
What is Ronin (RON)
| TICKER | RON |
| BLOCKCHAIN | EVM Blockchain |
| CATEGORY | EVM Blockchain |
| LAUNCHED ON | January 2022 |
| UTILITIES | Governance, tipping system, gas fees & rewards |
Ronin, created by Sky Mavis, the force behind the immensely successful Axie Infinity, is an EVM blockchain tailored for gaming. Renowned for scaling Axie Infinity to host millions of daily users and processing over $4 billion in NFT volumes, Ronin prioritizes near-instant transactions and minimal fees, making it a premier choice for Web3 games. In its initial nine months, Ronin achieved 250,000 unique daily active addresses, $5 billion in TVL, and 15% of all NFT transactions.
The DEX Katana, Ronin’s decentralized exchange, stands as the second-most popular DEX by weekly active users, facilitating seamless token swaps within the Axie Infinity ecosystem. Backed by notable investors such as Accel, a16z, and Binance Labs, Ronin is battle-tested, scalable, and environmentally friendly, making it a secure and optimal blockchain solution for gaming.
Furthermore, Ronin underwent a security incident in March 2022 (The Ronin Validator Breach), leading Sky Mavis to fortify its security measures and become an antifragile, zero-trust organization.
Ronin 24H Technicals
(Source: TradingView)
Ronin (RON) Price Prediction 2024
Ronin (RON) ranks 81st on CoinMarketCap in terms of its market capitalization. The overview of the Ronin price prediction for 2024 is explained below with a daily time frame.
RON/USDT Descending Channel Pattern (Source: TradingView)
In the above chart, Ronin (RON) laid out the descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.
At the time of analysis, the price of Ronin (RON) was recorded at $3.17. If the pattern trend continues, then the price of RON might reach the resistance levels of $3.227, $4.465 and $5.316. If the trend reverses, then the price of RON may fall to the support of $2.411.
Ronin (RON) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Ronin (RON) in 2024.
RON/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Ronin (RON) for 2024.
| Resistance Level 1 | $3.508 |
| Resistance Level 2 | $4.584 |
| Support Level 1 | $2.429 |
| Support Level 2 | $1.733 |
RON Resistance & Support Levels
Ronin (RON) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Ronin (RON) are shown in the chart below.
RON/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Ronin (RON) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $3.056Price = $3.126 (50MA < Price) | Bullish/Uptrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 60.781 <30 = Oversold 50-70 = Neutral>70 = Overbought | Neutral |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
Ronin (RON) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Ronin (RON) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
RON/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Ronin (RON).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 24.417 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 58.84 <50 = Low >50 = High | High volatility |
Comparison of RON with BTC, ETH
Let us now compare the price movements of Ronin (RON) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs RON Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of RON is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of RON also increases or decreases respectively.
Ronin (RON) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Ronin (RON) between 2025, 2026, 2027, 2028, 2029, and 2030.
| Year | Bullish Price | Bearish Price |
| Ronin (RON) Price Prediction 2025 | $4.2 | $0.9 |
| Ronin (RON) Price Prediction 2026 | $6 | $0.8 |
| Ronin (RON) Price Prediction 2027 | $8.4 | $0.7 |
| Ronin (RON) Price Prediction 2028 | $10 | $0.6 |
| Ronin (RON) Price Prediction 2029 | $11.6 | $0.5 |
| Ronin (RON) Price Prediction 2030 | $15 | $0.4 |
Conclusion
If Ronin (RON) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Ronin (RON) price prediction for 2024 is $4.584. Comparatively, if unfavorable sentiment is triggered, the bearish Ronin (RON) price prediction for 2024 is $1.733.
If the market momentum and investors’ sentiment positively elevates, then Ronin (RON) might hit $5. Furthermore, with future upgrades and advancements in the Ronin ecosystem, RON might surpass its current all-time high (ATH) of $4.50 and mark its new ATH.
FAQ
1. What is Ronin (RON)?
Ronin, created by Sky Mavis, the force behind the immensely successful Axie Infinity, is an EVM blockchain tailored for gaming.
2. Where can you purchase Ronin (RON)?
Traders can trade Ronin (RON) on the following cryptocurrency exchanges such as Katana DEX, OKX.
3. Will Ronin (RON) reach a new ATH soon?
With the ongoing developments and upgrades within the Ronin platform, Ronin (RON) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Ronin (RON)?
Ronin (RON) hit its current all-time high (ATH) of $4.50 on March 13, 2024.
5. What is the lowest price of Ronin (RON)?
According to CoinMarketCap, RON hit its all-time low (ATL) of $0.1976 on Nov 22, 2022.
6. Will Ronin (RON) reach $5?
If Ronin (RON) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $5 soon.
7. What will be Ronin (RON) price by 2025?
Ronin (RON) price is expected to reach $$4.2 by 2025.
8. What will be Ronin (RON) price by 2026?
Ronin (RON) price is expected to reach $6 by 2026.
9. What will be Ronin (RON) price by 2027?
Ronin (RON) price is expected to reach $8.4 by 2027.
10. What will be Ronin (RON) price by 2028?
Ronin (RON) price is expected to reach $10 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
