Ronin Network Sees Massive Growth with Over 1.4 Million New Wallets

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Sep 02 2024

Should l Buy PIXEL?

User Engagement on Ronin Network: Pixels Online leads the Ronin Network with 772,278 active users, contributing significantly to the Web3 gaming ecosystem, while a recent analysis by Androx highlights the diverse user attraction across various games on the network.
Network Activity and Security Recovery: The Ronin Network experienced a 93% surge in daily active addresses, adding over 1.4 million wallets in two weeks, alongside successfully recovering $10 million in ETH following a security exploit, although the price of its native token, RON, has faced declines.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like PIXEL with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for PIXEL

Technical Sentiment Analysis for Pixels (PIXEL) As of , Pixels (PIXEL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for PIXEL 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 stock.

Support, Resistance & Moving Averages From a structural perspective, PIXEL 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 $-.

Pixels (PIXEL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00114	0.00267	0.00438	0.00591	0.00762	0.00915	0.0109
Fibonacci	0.00267	0.00391	0.00467	0.00591	0.00715	0.00791	0.00915

About PIXEL

Pixels (PIXEL) is a social casual web3 game powered by the Ronin Network, It involves a mesmerizing open-world game that revolves around farming, exploration, and creation. PIXEL is the native utility and governance token in the Pixels ecosystem, and used in the following functions:In-game currency:NFT Minting: All future NFT mints from Pixels will be in $PIXEL.VIP Membership: Users will be able to purchase VIP Battle Passes in $PIXEL.Guilds: Users will be able to join a new social-fi feature (Guilds) by using $PIXEL.Quality of Life Upgrades: Premium in-game features will be sold in $PIXEL.Governance: $PIXEL will eventually be used to govern a community treasury.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

GET FREE REAL TIME NOTIFICATIONS

Stock Monitor for PIXEL?

Get Started Free

FREE STOCK RECOMMENDATIONS DAILY

Stock Bullish Tomorrow

Get Started Free

70% BACKTESTED ACCURACY!

Should I Buy PIXEL?

Get Started Free