ORDI Technical Analysis in Daily Timeframe

7 июл.

Hello 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