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ORDI

ORDIUSDT.1DIn my latest technical analysis of the ORDI/USDT daily chart, several critical indicators and price movements offer a nuanced perspective on potential future price action. First and foremost, it's notable that the Moving Average Convergence Divergence (MACD) is displaying a bearish momentum, as indicated by the MACD line residing below the signal line. The separation between these lines suggests that the bearish trend could persist in the short term. The Relative Strength Index (RSI) is currently at 34.12, nearing the oversold territory but not quite there yet. This suggests that while the selling pressure has been significant, there could be room for more downside before the market considers the asset truly oversold and due for a potential rebound. Examining the price action, ORDI/USDT has experienced a notable decline, establishing a recent low at $17.57, which I am considering as the current critical support level (S1). Looking forward, if this support holds, it may act as a springboard for a price correction or consolidation phase. The resistance levels to watch are at $44.82 (R2) and initially at $17.57 (R1), which is now a pivotal point for any bullish recovery. Given the current technical setup, I predict that if the price manages to stabilize and rebound from the S1 level at $17.57, we could see a movement towards R1. This would require a shift in market sentiment and potentially positive developments related to the asset itself. However, should the support at $17.57 fail to hold, it would likely lead to further declines, potentially testing even lower historical supports. In conclusion, the ORDI/USDT market currently shows bearish tendencies with a close watch on the $17.57 support level. A break below this level could exacerbate the bearish sentiment, while stabilization and a bounce back could pave the way for a retest of higher price levels. Traders should remain cautious and monitor these key technical levels closely, adjusting their strategies based on confirmed price actions and indicator signals.
by MarsSignals
ORDI buy/long setupThe ORDI symbol has a bearish structure and the price is expected to reach the main demand. A good demand range is ahead and above the price, in which we look for buy/long positions. Closing a daily candle below the invalidation level will violate the analysis Note that the financial market is risky, so: Do not enter a position without setting a stop and capital management and confirmation and trigger. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
by iMoneyTeam
ORDI analysis (12H)From where we placed the red arrow on the chart, it seems that ORDI's correction has started. This correction appears to be a diametric as we now appear to be in wave e. From the supply range, it can be rejected downwards. We are looking for buy/long positions on the green range. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
$ORDI/USDT pessimistic outlook, I do not invest anymore.I have invested and made good money trading SEED_DONKEYDAN_MARKET_CAP:ORDI for a while. I have ridden the rise and sold at $69, missing the peak and feeling bad at the time. Now my sentiment about SEED_DONKEYDAN_MARKET_CAP:ORDI is very bearish, and I will explain why I will stop trading it. Here are several events that have happened and are red flags: 1. SEED_DONKEYDAN_MARKET_CAP:ORDI was created in March 2023 by Domo, an enigmatic blockchain analyst; he just posted it on Github, and it was adopted by the team developing Bitcoin code. Binance launched it nobody knows why, 2. SEED_DONKEYDAN_MARKET_CAP:ORDI does not have a proper website. The founder didn't make money out of it and is not supporting it. 3. SEED_DONKEYDAN_MARKET_CAP:ORDI does not have an identified legal entity, no budget, no tokenomics, no roadmap, and no ecosystem. 4. SEED_DONKEYDAN_MARKET_CAP:ORDI now has RUNE (not the Thorchain CRYPTOCAP:RUNE ), which has a questionable name and seems to be a modification of BRC-20 to make money out of it. I personally think that it is shady. So SEED_DONKEYDAN_MARKET_CAP:ORDI is a VERY HIGH investment risk, manipulated by Binance, with no team, and no future, to be honest. Worse, RUNE seems to be a takeover by Casey Rodarmor, a Bitcoin dev, and the name he has chosen is not compatible with any exchange because it already exists with a top 50 token that is older and succesful! What the hell is going on? I think that $95 is the all-time high for this coin for its lifetime, which will dump into oblivion before the end of this bull run, with no fundamental attached to it, I do not see what can save it. Of course, I might be wrong; some magic could happen, and some pump might occur, but the signs of imminent death are already showing. It has dumped 66%, one of the worst performances of all the top 100 cryptos since its ATH. It is not recovering. Conclusion: Be very careful with this coin. It has been short-lived and is probably in the process of dying.
by CryptoNikkoid
2
ORDI: Looking BearishThe market sentiment for ORDI is currently bearish. Recent technical indicators suggest caution due to potential downside risks. The MACD is bearish, with the histogram at -0.29 and the MACD line at -1.56, indicating a strong bearish momentum. With %K at 20.64 and %D at 24.66, the Stochastic Oscillator indicates oversold conditions, suggesting a potential for a short-term rebound. The RSI is at 30.27, indicating that ORDI is in oversold territory, which could signal a potential reversal or consolidation. Potential Market Scenarios Bullish Scenario: A break above the local resistance at $34.92 could lead to further upward movement, potentially targeting the solid resistance at $39.27. This move would likely confirm bullish momentum and attract more buyers. Bearish Scenario: If ORDI fails to break above the local resistance, it could retest the support levels at $31.80 and potentially fall to the dynamic support level at $30.56. A break below $30.56 could signal further declines, with $25.84 acting as the next support level. Conclusion and Market Outlook ORDI is currently positioned with significant support and resistance levels to watch. The bearish MACD and overall market activity suggest caution, as the potential for further declines exists. Monitoring the key resistance levels and potential support levels is crucial for making informed trading decisions.
by MonoCoinSignal
ORDI: wait best for candle🟢 Buy Signal for ORDIUSDT 🟢 📍 Entry Point: 38.89 USDT 🎯 Target Prices: - TP1: 39.50 USDT 🥇 - TP2: 41.90 USDT 🥈 - TP3: 45.73 USDT 🥉 - TP4: 50.35 USDT 🏆 - TP5: 55.65 USDT 🏆 🔴 Stop Loss: 34.76 USDT 📈 Technical Analysis: After the price hit the support zone and pulled back to the downtrend line, a favorable position for entering a buy trade has been established. Multiple target prices have been set at different levels. This analysis are based on the provided chart and may need revision with market changes. Always consider risk management and trade only with capital you can afford to lose. 📊💡
Long
by ahmadarz
Alikze »» ORDI | Pullback to the broken area.?🔍 Technical analysis: Pullback to the broken area.? - It is moving in a downward channel in the daily and 4H time frames. - In the previous post , price reversal zones were identified, which after hitting PRZ-3, the price reversed and corrected the price up to the set targets. - At present, according to the downward behavior and structure, the price correction can be continued. - Therefore, if this price reversal cannot lead to the failure of the region, this reversal can be a pullback to the broken structure. - So, we expect that the price will face selling pressure in response to the supply, first the price will be corrected to $25 and then the price correction will continue until the green box. 💎 Alternative scenario: if the price can break the supply range and stabilize above it, it can navigate the second movement path and move up to the red box range and the ceiling of the descending channel. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ORDIUSDT
Short
by alikze
ORDI price is preparing powerful impulse, the question is where?The #ORDIUSDT price is in a long consolidation, trading volumes are falling, as is possible interest in it. The delta of trading shows that sales are slightly higher than buying in the consolidation. Perhaps this consolidation is a preparation for the continuation of super growth, as it was before with a similar but smaller pattern. But personally, if we were to decide to buy SEED_DONKEYDAN_MARKET_CAP:ORDI , it would be not earlier than in the range of $25-28. Or would you say that this is already an unrealistic price?) Write your thoughts in the comments.
by P_S_trade
ORDI Technical Analysis in Daily TimeframeHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: ORDI/USDT is currently holding support at $25.7. The price is in a downtrend, falling almost 60% from its local high of $65.63. If the price sustains the primary support levels, we can expect a rebound toward $50 soon. A breakdown below the primary support will likely test the lower support at $18.7. Key Observations: Primary Support: $25.7. Lower Support: $18.7. Resistance: $50. RSI: Oversold. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
6
ORDI: effect big candle📊 Token analysis Ordinal done in the style of price cushion, by Ahmadarz analysis team 🚦In the main structure, in the daily time frame, we are in a trading range between the prices of $31 and $95. When I reached this support floor and formed a short-term trading range between the prices of $31.5 and $51, and its failure from the price of $43, a good pump was done. The price went up to $65. In the continuation of the price trend, since we have reached the middle of this trading range, there is a possibility of returning to the breaking point, i.e. the same price of $42, and if the downtrend line drawn upwards is broken with a codenel with a large body, we can see the price ceiling of $90. But now I see the downward trend Upcoming support: 🔺 The most important support is at the price floor of $33 The next support at the break of the last trend is $42 Upcoming resistances: 🔻 The closest resistance: $2.231 as the first target The most important resistance is: $2.40 💲How to get the trade : We can enter in the bearish candle created below the trend line. ⬅️Entry: $62.34 🔴Stop: $68.67 🟢Targets: $43 - $55.15 - $57.25 Capital management should be followed because Ahmadarz analytical team is not responsible for your profit and loss. ⚠️
Short
by ahmadarz
4
The Popularity of Inscription Track Drops ---- ORDIAt the end of 2023, the popularity of the BTC ecosystem increased rapidly, and various inscription and L2 staking activities appeared. At that time, as the leader of the Inscription track, ORDI once again experienced a rise and was listed on the leading CEX. Coupled with the successful approval of the BTC ETF in January 2024, funds have rapidly pushed up all protocols related to the BTC ecosystem. ORDI is the native coin of the Ordinals protocol and is also a BRC-20 token. From the perspective of ecosystem, Bitcoin is not as diverse as Ethereum, the activities are relatively primitive, and gas fees are high. Although ORDI and BRC-20 have emerged, they are more like hype, full of meme attributes, and do not have wide application scenarios. And as the BTC price reaches ATH and a large amount of BTC is released from staking activities, the BTC ecosystem gradually cools down. ETH's entry into the ETF era and the emergence of Runes will further draw funds away from BRC-20. Although there is still a correlation between the fluctuations of ORDI and BTC, it is far less than before. After BTC hit ATH in mid-March, it remained high and fluctuated. However, ORDI fell sharply. Highs gradually lower. As we mentioned in the previous article, when a token has a high meme attribute, it will be very suitable for our indicators. At the 4h level, we can see that after experiencing a rebound, the TSB indicator once again gave a SELL signal, with the wavy area providing resistance. With prices now bouncing back near the wavy zone, bears will strengthen again. We believe that for ORDI, there may still be a good rise in the future, but it is almost impossible to reach ATH. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius
ORDIUSDTIn this technical analysis of the ORDI/USDT daily chart, we assess the recent market trends, evaluate crucial support and resistance levels, and interpret key technical indicators to forecast the potential price trajectory. Key Observations: 1. Current Price and Movement: • ORDI/USDT is trading at $40.24, showing a significant daily increase of 5.37%. This uptick suggests a resurgence of buying interest. 2. Support and Resistance Levels: • R1 (Resistance Level 1): $65.76 - Represents a significant resistance where previous attempts were capped. • S1 (Support Level 1): $31.53 - This is the immediate support, likely bolstering the price from further declines. 3. Technical Indicators: • MACD (Moving Average Convergence Divergence): The MACD line is below the signal line but shows a narrowing gap, suggesting decreasing bearish momentum and potential for a bullish reversal. • RSI (Relative Strength Index): At 51.13, the RSI is in a neutral zone, indicating neither overbought nor oversold conditions, providing room for movement in either direction. Analysis and Conclusion: The recent price increase in ORDI/USDT, coupled with the MACD and RSI dynamics, presents a cautiously optimistic scenario. The rise to $40.24 could be the start of a recovery or a short-term rebound. The immediate challenge lies at R1 ($65.76), which ORDI must overcome to confirm a stronger bullish trend. However, the key to sustaining this momentum will be maintaining support at $31.53. A drop below this level could negate the bullish outlook and steer the price towards testing lower thresholds, potentially signaling a broader bearish trend. For traders and investors, the strategy would involve closely watching how ORDI interacts with these technical levels. The narrowing MACD suggests a possible bullish crossover soon; hence, an increase in volume could confirm the potential for further gains. Conversely, traders should remain vigilant for any signs of reversal, especially if the price struggles to maintain above S1. In summary, ORDI/USDT is at a pivotal juncture where its ability to sustain recent gains and challenge upper resistance will dictate the market’s direction in the near term. Monitoring these developments, alongside broader market influences, will be crucial for making informed trading decisions. Always consider integrating stop losses and risk management techniques to safeguard investments in this volatile environment.
Long
by MarsSignals
ORDI/USDT Critical Retest Is a Bullish Surge on the Horizon?Yello Paradisers! Are you ready for the next big move? ORDIUSDT has caught our attention with an intriguing development. After successfully breaking above a critical resistance level, it is now in the retest phase. 💎 SEED_DONKEYDAN_MARKET_CAP:ORDI has been following a descending resistance for a long time. Recently, it broke above this resistance, making a notable upward move. 💎The price is now retesting the key level at $52.62. If it maintains momentum and holds a strong position above the EMA, there's a high probability of a bullish move. 💎If #ORDIUSDT sustains above this leve $52.62, it could become a strong support, paving the way for further bullish action. 💎If the price fails to sustain above the resistance and loses momentum, we expect a bullish rebound from the lower demand zone at $44.62. This level has significant liquidity, which could fuel a probable bullish move upon a retest. 💎Sustaining above $52.62 and holding above the EMA can lead to a strong bullish move. 💎Failing to hold above $52.62 and dropping below the demand zone at $44.62 would invalidate the bullish outlook, leading to a significant price drop. Stay focused, patient, and disciplined, Paradisers. The next few moves in ORDIUSDT will be crucial. Let's trade smart and stay ahead! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
2
Alikze »» ORDI| Return PRZ zoneIn the analysis of the previous post, the alternative scenario occurred and it exited the ascending channel at the 12H time. 💎 But now a multiple compound correction has occurred as seen in the chart. 💎 In the last correction, a 5-wave downward correction was made, which led to channel failure. After that, it faced a demand that is currently suffering in the PRZ area. Therefore, two behavioral scenarios can be imagined for it in this range. 💎 First scenario: If it can break the current range upwards, it can grow to the specified areas of the next PRZs, which are important areas that can reverse the price. 💎 The second scenario or alternative scenario: But if a break cannot be made in this area and a candle closes above it, the second or alternative scenario will be the continuation of the correction to the next areas. 💎 In addition, if the neck line or the PRZ-1 area is touched, it can create an upward scenario that can re-enter the channel. I will update the post. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Short
by alikze
ORDI/USDT Breakout Alert!! Potential bullish momentum for ORDI.💎 Paradisers, ORDI is indeed showcasing intriguing movements that deserve careful observation. 💎 The successful breakout from the descending channel signifies bullish momentum for ORDI. Currently, the price is potentially preparing to retest the trendline before continuing its upward trajectory toward the supply area of around $55.45. 💎 A successful breakout above this supply zone would confirm ORDI's return to a bullish trend, potentially leading to significant upward movement toward our target strong resistance area. 💎 However, if ORDI encounters resistance at the supply area and receives a strong rejection indicated by a bearish candle, the price may retreat to downward movement. 💎 In such a scenario, ORDI could revisit the support area around $44.60, which coincides with the resistance neckline of the ascending triangle. 💎 ORDI must bounce from this support area and resume its upward trajectory. Failure to bounce, or a breakdown below the support, could signal further downward movement, potentially leading to a test of the Bullish OB area. ORDI needs to reclaim the price above the support area at $44.60 upon reaching the Bullish OB area to maintain bullish momentum. 💎 However, if ORDI breaks below the Bullish OB area, confirmed by a daily candle close below it, it could indicate a bearish trend reversal, leading to continued downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
ORDI - BITCOIN SUMMERWith the advent of the Fairlight fToken Protocol by Fairlight Protocol & CLTV finance, the DeFi landscape on the Bitcoin network is poised for significant transformation. This protocol introduces a novel mechanism for locking assets within the Layer 1 Bitcoin network (with a current live / ongoing staking campaign), enhancing security and trustworthiness in DeFi operations. Key Innovations Driving ORDI/BTC Strength: Asset Locking on Bitcoin L1: The Fairlight fToken Protocol allows for the secure locking of brc20 tokens like 'FCDP,' 'OSHI,' 'SATS,' and 'ORDI' directly on the Bitcoin network. This integration leverages Bitcoin’s robust security infrastructure, increasing confidence in the DeFi applications utilizing these tokens. Enhanced Liquidity and Flexibility: By converting deposited brc20 tokens into corresponding fTokens (e.g., 'ORDI' to 'fORDI'), the protocol enhances liquidity within the ecosystem. This process ensures that users can manage their assets more efficiently and securely. Future Expansion: The protocol’s plan to support other brc20 assets, Bitcoin, and Rune tokens indicates a broader scope of application, potentially attracting more users and increasing ORDI's utility and demand. Economic Incentives: The strategic use of fTokens and a structured fee system incentivizes deposits, particularly of ORDI and SATS tokens, bolstering the protocol's economic stability and fostering a more engaged user base. Security and Risk Management: With regular audits, data encryption, and continuous monitoring, the Fairlight Protocol ensures a secure environment for DeFi operations. These measures, combined with dynamic risk management strategies, make the protocol resilient against market volatility. Technical Robustness: Powered by sophisticated smart contracts, the protocol manages operations like minting, borrowing, repayment, and liquidation seamlessly, ensuring a user-friendly experience. Market Implications: As the Fairlight fToken Protocol gains traction, the inherent demand for ORDI is likely to increase, driven by its pivotal role within the protocol. This anticipated rise in demand and utilization should reflect positively on the ORDI/BTC pair, indicating potential bullish momentum. Trade Strategy: Given these factors, the ORDI/BTC pair (and other strong BRC20's) show promise for an upward trend as the market absorbs the implications of this innovative DeFi protocol on the Bitcoin network. Traders might consider positioning themselves to capitalize on this potential movement, keeping an eye on key technical levels and market sentiment shifts influenced by the protocol’s developments. Tokens connected to CLTV Finance currently are $FCDP & $OSHI - currently offering rewards via staking in way of $CLTV. This initial skating campaign will conclude on 9th June, with the next staking campaign bringing new BRC20 locking options. From Fairlight: "The Fairlight fToken Protocol is poised to set a new standard in blockchain finance. By leveraging the unique capabilities of the Bitcoin network and brc20 tokens, particularly SATS, the protocol offers a comprehensive and innovative approach to DeFi. Its focus on user empowerment, security, and sustainability positions Fairlight as a transformative force in the decentralized finance arena, poised to redefine user interactions and financial management in the blockchain ecosystem."
Long
by TraderE9
ORDI ANALYSIS (1D)By examining the ORDI waves, it seems that the large and upward wave C has ended and the price has entered a large correction. The supply range is the range where we expect downward price rejection. The target on the chart is the SS line (Static Support). Closing a daily candle above the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark