Ronin has surged 13% in the past 24 hours, trading at $4.116 with a volume of 10% up to $92 million. The gaming-focused blockchain has received its second major listing in less than two months. About a month after Ronin was listed on Binance, Coinbase announced on Wednesday that users can trade RON on its platform. Coinbase will support the Ronin (RONIN) asset on the Ronin network. Do not send this asset to other networks or you may lose your funds. You can transfer this asset on @Coinbase and @CoinbaseExch in regions where trading is supported.
Can these listings continue to boost RON’s price, sending it soaring past a $1 billion market cap?
Ronin price to maintain bullish momentum in ascending channel
Ronin price has been rising steadily since the beginning of 2024, reaching an all-time high of $4.45 in March. This steady rise has caused the price to rise within an ascending channel pattern, with bulls seeking to sustain gains above the upper boundary.
RON is trading above the 50-day and 200-day simple moving averages (SMAs), which confirms the bullish scenario. Moreover, the relative strength index (RSI) is at 67, which shows that buying pressure is increasing. If the bulls can maintain the current bullish trend, the RSI may break above the 70 overbought area, indicating increasing investor optimism.
The Moving Average Convergence/Extension indicator (MACD) is also bullish as the moving average (blue) crossed above the signal line (orange), forming a bullish crossover. RON bulls can view this bullish crossover as encouragement to buy, which could drive prices further higher.
Furthermore, the green bars on the histogram are above the neutral line, showing that RON is currently in positive momentum. The average directional index (ADX) is trading above the 22 level, which could mean that the trend is growing.
Ronin Price Prediction
Long-term analysis shows that RON price is experiencing a bullish momentum, with bulls seeking to sustain the price movement in an ascending channel. In addition, the RSI and MACD provide some bullish outlook for optimistic investors.
The 50-day SMA crossed above the 200-day SMA at $2.89, forming a golden cross, which shows the upside potential for the price. RON bulls aim to take advantage of these factors with a target price of $5.5.
However, the RSI is about to cross the overbought territory, which could indicate a possible price correction. In this case, $3.3, which is in line with the 200-day SMA, could act as support against downward pressure.
With RON prices surging, you might also want to consider adding 5SCAPE to your portfolio.
5SCAPE: A promising buy-now alternative
5thScape (5SCAPE) is the first AR/VR mixed reality encryption platform to benefit from the excitement of the Apple Vision Pro launch.
VisionOS frees applications from the confines of the Apple Vision Pro display, providing a broad canvas for multitasking and collaboration.
The platform aims to connect the "brightest minds together" while developing a comprehensive VR/AR ecosystem covering game development, animation, and professional hardware manufacturing.
These features are designed to ensure 5thScape achieves maximum market penetration.
VR is the future. Learn how National Horizon University is leveraging VR and MR.
The project has received $1.8 million in early funding.
5th Scape, a VR-focused cryptocurrency, has raised $1.7 million in its presale and demonstrates the potential for innovation in the digital space.
Get ready to explore ultra-realistic experiences and next-generation gaming with 5th Scape’s groundbreaking…
The project also offers the opportunity to earn rewards by staking 5SCAPE, and investors can also make passive income through the platform’s game income function while exploring the future of gaming.
The team has already made plans to develop games such as MMA Cage Contest, Thrust Hunter, and Archery Master.
99Bitcoins, a well-known YouTube channel, said 5SCAPE is a project that has the potential to soar 100 times after its release.
You can now buy 5SCAPE tokens at $0.00125. Since the team has set a listing price of $0.01, this means that investors can earn 365% when 5SCAPE is listed.
Interested investors should act quickly as the price will rise by 15% in less than two days.
If you think 5SCAPE is an opportunity not to be missed, buy it by exchanging your digital wallet with ETH, MATIC, USDT or BNB for 5SCAPE tokens on the official website or directly with a bank card.
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