Ronin's native token, RON, experienced a significant surge, climbing over 28% in 24 hours to reach $0.1112, following its listing on Coinbase as Wrapped Ronin. This development has sparked renewed interest in the Ronin ecosystem, with daily trading volumes surpassing $56 million. The token's price broke out from the $0.09 region, although it faced resistance near the $0.14 mark, prompting some profit-taking. Despite the pullback, RON maintains key support levels, with the $0.112 region acting as a critical defense point. The token's technical indicators remain favorable, with prices trading above major exponential moving averages. However, derivatives data indicates cautious market positioning, with open interest significantly lower than previous highs, suggesting reduced speculative pressure. The Coinbase listing has enhanced liquidity and visibility, potentially attracting more institutional interest in the gaming-focused blockchain asset.
Ronin Token Surges 28% Following Coinbase Listing
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