Ronin Still Is Underperforming -learn2trade
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Ronin (RON) Still Is Underperforming

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Azeez Mustapha

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As of today’s trading activity, the Ronin token holds only a modest price increase. It holds a price increase of roughly 4%, as it can be seen that the market has experienced a sizable downward contraction. Let’s try and see what the market may present.

RON Statistics

Current Price: $0.1516

Market Capitalization: $107.74M

Circulating Supply: 729.05M RON

Total Supply: 1B RON

CoinMarketCap Rank: 256

Key Levels

Resistance: $0.1700, $0.1900, $0.2100

Support: $0.1500, $0.1300, $0.1100

Ronin (RON) Still Is Underperforming

Ronin Continues to Drag at Lower Levels

Downward forces can be seen acting even in the ongoing session in the Ronin token daily market. The last price candle here is green but has an upper shadow. This points to a downward contraction in price.

As a result, this has brought the token to resume trading below the 9-day Exponential Moving Average (EMA) line. The lines of the applied Stochastic Relative Strength Index (SRSI) indicator are crossed, and the ensuing lines are falling to lower thresholds. This reveals that downside forces are in the lead and may keep the market on at least a short-term downward trajectory.

Ronin (RON) Still Is Underperforming

Ron Coin Price Prediction – Ronin Crypto

Looking at the Ronin token market on the 4-hour timeframe, things seem a bit clearer. It is revealed that downward forces are beginning to regain dominance in the ongoing session. This is observable via the last price candle on the chart being red with a notable size.

@AngryDynomites has recently launched on Ronin, beginning its Project Voyager P2A campaign on June 11. After extensive gameplay, Level 80 player @enefetero describes it as one of the most impressive play-to-airdrop experiences in Web3 gaming to date.


RON Stays Vulnerable

As a result, the token continues lower below the 9-day EMA curve.

Ronin’s price surges amid renewed optimism around its blockchain.

Meanwhile, the SRSI indicator lines are in the oversold region but have an upward trajectory following the price increase in the previous session.

This seems more like a lagging effect, as the market appears more inclined toward the $0.1400 price level.

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