ORDI Price Update & Analysis in a Daily Timeframe.

4 wrz

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Now, let’s dive into this chart analysis:

ORDI held the $25.70 support well and showed a decent rebound. It is currently facing resistance at the 50 EMA. If ORDI breaks above the EMA, it will still need to contend with the resistance trendline around $40-$41.

The lower support range between $18.40 and $21.40 is a good accumulation zone if the price dips. The RSI is in the middle band, so any move on ORDI could be significant. To reach its all-time high, ORDI would need a 2x-3x gain from the current market price.

Key levels:

- Primary Support: $25.70.
- Lower Support/Accumulation Range: $18.40 and $21.40.
- Primary Resistance: $31.88.
- Secondary Resistance: $40-$41.
- Long-term Target: $97-$100.

DYOR, NFA.

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