The Ronin (RON) price has increased siwftly in the past three months and moved above $3 for the first time in two years today.

RONIN is quickly approaching its all-time high price. Can it reach it in February?

Ronin Breaks Out Above $3

The technical analysis from the 3-day chart shows that RON has increased rapidly since breaking out from a descending resistance trend line in October.

The increase has been near parabolic since RON has barely experienced any retracement at all.

The upward movement accelerated further in January, leading to a high of $3.03 today. This was the highest price in more than 700 days, more specifically since February 2022. 

RON is approaching the final horizontal resistance area at $3.50. 

The 3-day Relative Strength Index (RSI) shows signs of weakness. Market traders use the

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Author: Valdrin Tahiri

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