Ronin crashes 26% immediately after Binance listing
Ronin (RON) is currently witnessing a bearish trend, having relinquished its 15% price gain by collapsing nearly 30% over the past 24 hours following a listing on the Binance exchange. Notably, the recent decline in Ronin’s price has led to a breach below the pivotal $3 price threshold. The asset recently reclaimed the $3 level after trading below it since February 2022. However, this milestone came with stern resistance from the bears. RON price, social volume and negative sentiment – Feb. 6 | Source: Santiment Upon hitting a two-year high of $3.538 in its 15% price spike yesterday, Ronin faced opposition that has seen it give up all the gains from the latest upsurge. The asset is now down 26% over the past 24 hours, currently changing hands at $2.54. Ronin has leveraged the $2.5 price support as a defense against any substantial declines. At its current price, the cryptocurrency is still trading at a 23-month-high. However, RON’s market capitalization has now slipped b...