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- 1 RONIN coin showcased a bullish outlook and is ready to cross the $4 mark.
- 2 Buyers are attempting for a rebound and looking to exceed the 20 day EMA mark.
The Ronin price displays buying momentum and has retested the 20 day EMA mark in the last few sessions. Following the market downturn, the token slipped below the $4 mark in a profit booking spree. However, it held onto the gains and looked bullish. Furthermore, the trend is intact and the coin may outperform and cross the upside of the $5 mark in the upcoming sessions.
At press time, the Ronin coin (RONIN) price was trading at $3.74 with an intraday gain of 1.31%, reflecting neutrality on the charts. It has a monthly return ratio of 30.90% and 57.25% on a yearly basis. The pair of RONIN/BTC is at 0.0000564 BTC, and the market cap is $1.14 Billion. Analysts are bullish and suggest that the RONIN coin price will continue to uplift gains and may cross the $4.50 mark soon.
RONIN Price to Volume Profile On Daily Charts
The above chart showcased the combined metrics of the Ronin price to volume profile, showcasing bullishness on the charts. Moreover, the coin has delivered higher high swings and is displaying a rising channel. The trading volume remained average and was noted at around 17.17 million.
Price Volatility and Weighted Sentiment Analysis
Amidst the price rise, the price volatility remained average and is noted below the midline near 0.0099, signifying the neutrality. However, the weighted sentiment stayed in the negative region, noted around -0.18, signifying an adverse outlook.
Social Dominance and Twitter Follower Outlook
The Social Dominance data signifies a neutral outlook and the value persists in hover around the midline near 0.086%. However, the X follower data showcased an upmove and jumped over 87% to 502, implying a rise in the investor interest on X.
What Ronin Price, RSI and Technical Data Indicate
The Ronin price is trading above the 50, 100 and 200 day EMA marks, but is below the 20 day EMA mark displaying buying momentum on the charts. The trend is intact and the coin has retested the trendline support zone near the $3.50 mark and may replicate a rebound soon.
The RSI curve stayed in the overbought zone and is signifying neutrality on the charts. Per the Fib levels, the Ronin coin price has retested the 50% zone and stayed above the mid Bollinger Band support zone. The MACD indicator shows a bullish crossover and endured in forming the green bars on the histogram signifying outperformance on the charts.
The total supply of the Ronin coin is 1 billion, whereas the volume-to-market cap ratio is 0.0151, whereas it stands at 100 per the market cap in the global crypto market.
Summary
The Ronin coin price displays bullish accumulation and remained in the bullish region for over the past few sessions. The coin price has retested the 20 day EMA mark and aims to exceed the 52 week high mark of $4.45 in the next few sessions.
Technical Levels
Support Levels: $3.20 and $3
Resistance Levels: $4 and $4.40
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
