Ronin

Date: Tue, Dec 17, 2024, 01:08 PM GMTThe cryptocurrency market has been riding bullish waves over the past month, with Bitcoin (BTC) hitting a historic all-time high of $107K today. This renewed market optimism has sparked significant interest in altcoins, including Ronin (RON), a gaming-focused token that has posted an impressive 67% rally over the last 30 days.Today, Ronin is back in the spotlight with solid double-digit gains of almost 20%, pushing its price to $2.48 and bringing its market capitalization to $919M.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/dcc9e1e3a1f348089a0d0d736f3d8e69.png" />Source: Coinmarketcap<h2 id="header-0">Key Breakout Ahead:</h2>Ronin’s bullish performance has been consistent, with its monthly gains exceeding 65%. After hitting a high of $2.44 on December 6, the token faced a minor correction, revisiting its lower support level of $1.52.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/dc53215020814220884ba144c5d8454b.png" />However, RON made a strong reversal from this support level, driving it to its current price of $2.48. This places the token in a critical resistance zone between $2.32 and $2.51, which has capped its price since June 2024.As momentum builds, a breakout above the $2.51 level could pave the way for a significant upside move. The next major resistance levels are at $3.33 and $4.51, representing potential rallies of 35% and 79%, respectively, from the breakout point.<h2 id="header-1">Is A Rally On The Horizon?</h2>With major altcoins already experiencing substantial rallies and Bitcoin’s dominance driving the market higher, Ronin is well-positioned for a potential breakout. If it clears the critical $2.51 resistance level and successfully retests it, the stage could be set for a sharp upward rally.For now, investors and traders should closely watch RON’s price action around the $2.51 zone, as a decisive move could signal the beginning of its next bullish leg.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.Also Read: <a href="https://coinsprobe.com/stellar-xlm-gains-momentum-following-key-breakout-is-a-rally-on-horizon/" rel="noopener noreferrer nofollow">Stellar (XLM) Gains Momentum Following Key Breakout: Is A Rally On Horizon?</a>

Ronin (RON) Gains Momentum Ahead Of Key Breakout: Is A Rally On Horizon?

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