Monday, February 05, 2024 08:47 AM | InvestorsObserver Analysts
InvestorsObserver gives Ronin a strong long-term technical score of 98 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders.
RON at this time has a superior long-term technical analysis score than 98% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.
InvestorsObserver is giving Ronin a 98 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ronin!
Ronin's price is $1.4600000 (95.69%) above its 100-day moving average price of $1.530000000 as its price at the moment sits at $2.990000000. Additionally, RON is $2.5900000 (-2000.32%) higher than its 52-week low price of $0.400000000 while -$0.52000000 (-199.33%) under its 52-week high of $3.520000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives RON a strong long-term technical score of 98. Long-term trading movement of Ronin suggest that investors are neutral on the coin at the moment.
Ronin currently has a total market cap of $877,536,281.52 to go along with its average daily volume of $439,540,805.90 worth of the currency over the past seven days. RON's volume is below its seven day average as of the past 24 hours, with 130,200,987.63 exchanged in that period.
Summary
Technical analysis of Ronin over the past year results in the crypto receiving a a strong long-term technical score of 98 as its price movement in that time has given traders reason to be neutral on the coin in the long-term.
Click Here to get the full Report on Ronin (RON).
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