CDS Crypto News Ronin Crypto Earns a Strong Long-Term Technical Score of 98, Indicating Potential for Steady Growth
Crypto News

Ronin Crypto Earns a Strong Long-Term Technical Score of 98, Indicating Potential for Steady Growth

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Ronin Crypto Earns A Strong Long-Term Technical Score Of 98, Indicating Potential For Steady Growth

Ronin Crypto Earns a Strong Long-Term Technical Score of 98, Indicating Potential for Steady Growth

Crypto NewsInvestorsObserver has assigned a robust long-term technical score of 98 to Ronin following their comprehensive research. Their proprietary scoring system takes into consideration recent months to a year of historical trading patterns, support and resistance levels, and the coin’s positioning relative to long-term averages. This analysis serves as a valuable tool for evaluating whether Ronin presents a strong buy-and-hold investment opportunity for traders.

Notably, Ronin’s long-term technical analysis score surpasses that of 98% of cryptocurrencies currently in circulation, making it particularly relevant to buy-and-hold investors seeking stable growth for their portfolios. Combining a high long-term score with a short-term technical analysis can also help portfolio managers identify coins that may have reached their lowest point.

Trading Analysis

Ronin Crypto Earns A Strong Long-Term Technical Score Of 98, Indicating Potential For Steady Growth

At present, Ronin is trading at $2.99, which is $1.46 (95.69%) above its 100-day moving average of $1.53. Furthermore, Ronin stands at $2.59 (a remarkable 2000.32%) above its 52-week low of $0.40, while it is -$0.52 (199.33%) lower than its 52-week high of $3.52. These price metrics, in relation to its long-term average and its 52-week high and low, contribute to Ronin’s impressive long-term technical score of 98.

The extended-term trading patterns for Ronin currently suggest that investors have a neutral outlook on the coin. Ronin boasts a total market capitalization of $877,536,281.52 and an average daily trading volume of $439,540,805.90 over the past seven days. However, Ronin’s trading volume over the last 24 hours has dipped below its seven-day average, with a total of 130,200,987.63 coins exchanged during this period.

Summary

The technical analysis of Ronin over the past year has resulted in the cryptocurrency receiving a strong long-term technical score of 98. This assessment suggests that Ronin’s price movements have provided traders with a reason to adopt a neutral stance towards the coin in the long-term.

Ronin Crypto Earns A Strong Long-Term Technical Score Of 98, Indicating Potential For Steady Growth

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