Here we can clearly see, even though $RONIN price is pumping, there are big resistance around 3.5$ and it couldn't grow further because of the selling pressure there.
Nevertheless , more and more people buy $RON and increase staking and transactions on chain show the organic growth. But we do not know for sure, how much more Ronin tokens are prepared to sell when it reaches resistance zone again.
So, we have two strategies. One, you buy RONIN in #DIP and take profit before it reaches the major resistance zone, around 3.5$ . I believe it is safe to sell around 3.4$ . You need big investment to gain reasonable profit, but this way has less risk.
But if you want to take #HighRiskHighReward , wait until the price passes the resistance zone. Gradually, selling pressure will decline, and more and more people play Pixels and AxieInfinity, they are going to need more $RON , you can see $PIXEL and $AXS price movements , and if they are increasing , RONIN will go up too, as more people will invest on RONIN and stake for long term.
If RONIN price passes this 3.5$ resistance, no one can predict how far it will go higher. It can be 4$ or 5$ , but may be not in a short period or may be!! But I warned this strategy has higher risk, as the resistance can be harder than expected, and it has to try and try again to reclaim the price, while the market sentiment can change unexpectedly . But more risk means higher profit, so consider carefully.
I suggest if you don't believe gaming coins can become focal point of 2024 Crypto Scene, you better take the first approach and take profit early. But many experts believe Gaming , #NFT and AI will be themes of coming bull run. #DYOR hard!
