Binance Suspends RON Deposits and Withdrawals for Network Migration
- Suspension Timing: Binance has announced a suspension of RON deposits and withdrawals starting at 2:00 p.m. UTC on May 12, 2025, to support the Ronin network migration, affecting thousands of traders holding RON tokens and ensuring transaction safety during major network upgrades.
- Trading Pairs Unaffected: While deposits and withdrawals are paused, RON trading pairs will continue to operate normally, allowing users to engage in spot, margin, and futures trading, thereby minimizing the impact on market liquidity.
- Migration Background: The Ronin network, designed as an Ethereum-linked sidechain, aims to enhance scalability and security while supporting the popular game Axie Infinity; the migration is expected to improve transaction speeds and attract more gaming projects, strengthening its competitive position in the blockchain gaming sector.
- Security Risk Mitigation: The suspension of deposits and withdrawals serves to prevent transaction failures or fund losses during the network migration, reflecting Binance's confidence in the project's long-term viability while also advising users to monitor official channels to avoid scams.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for AXS
Technical Sentiment Analysis for Axie Infinity (AXS). As of , Axie Infinity (AXS) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AXS stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AXS is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Axie Infinity (AXS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.345 | 0.715 | 1.044 | 1.414 | 1.743 | 2.113 | 2.442 |
| Fibonacci | 0.715 | 0.982 | 1.147 | 1.414 | 1.681 | 1.846 | 2.113 |
About AXS
About the author







