Home / Analysis / Crypto / Technical Analysis / Ronin (RON) Falling Wedge Breakout Leads to 28% Pump After Migration to Ethereum, Yet Rally May Not Last
If bulls maintain control above this area, RON’s price could attempt another rally. But it is also likely that losing $0.11 may expose the token to a retracement toward $0.10.
Why the Ethereum Integration Matters
As stated earlier, the biggest catalyst behind the breakout was Ronin’s successful migration away from its legacy standalone sidechain architecture.
On May 12, the network completed a major hard fork and officially transitioned into a high-performance Ethereum Layer-2 rollup.
For years, Ronin’s biggest weakness was security perception.
The network was permanently linked to the infamous $625 million exploit in 2022, one of the largest hacks in crypto history.
By integrating directly into Ethereum’s broader security framework, Ronin has effectively eliminated many of the bridge and standalone-chain vulnerabilities that previously haunted the ecosystem.
Alongside the Ethereum migration, Ronin also implemented a tokenomics restructuring in the gaming sector.
Under the new framework, Annual inflation dropped from over 20% to below 1% while yearly emissions collapsed from roughly 45 million RON to only 5 million RON.
Additionally, approximately 90 million previously staked RON tokens were transferred into the network treasury.
This reduced the actively circulating supply across exchanges such as Binance and Bitget. So, if demand increases in the coming weeks, the Ronin crypto price might surge,
RON Price Forecast: Resistance Limits Upside
From a broader perspective, RON is attempting to stabilize after an extended downtrend, with price now rebounding from the critical $0.078 support zone.
Although the broader market structure remains bearish, momentum indicators are gradually shifting in favor of buyers, suggesting downside pressure may be easing.
The Directional Movement Index clearly reflects this improving sentiment.
The positive DMI line (blue) has crossed above the negative DMI line (red), indicating bullish momentum is starting to outweigh seller dominance in the short term.
However, the Average Directional Index (orange) remains relatively low, suggesting the developing trend lacks strong conviction.
So, the Ronin crypto price may require additional volume to confirm a sustained breakout.
Meanwhile, the Bull Bear Power (BBP) has flipped positive after weeks in negative territory, reinforcing signs of renewed buyer activity.
Still, RON must reclaim the $0.15 resistance level before momentum can accelerate toward the $0.19 and $0.26 supply zones, where broader structural resistance remains positioned.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
