$ORDI is currently demonstrating that even the most "meme-worthy" rallies eventually have to face a reality check once the initial hype hits a technical wall.
$ORDI is showing a significant short setup as it encounters heavy resistance following its recent bounce. While currently holding a **+4.04%** gain at **2.573**, the 15m chart reveals that the price has been sharply rejected from the **2.622** 24h high. The formation of lower highs and the red candles creeping back in suggest that the bulls are losing their grip on the momentum. It will likely go down if the selling volume continues to rise and breaks the **2.550** support, potentially triggering a slide back toward the **2.395** base as indicated by the downward pressure arrow, but it could go up if the market manages to find a solid floor here and gathers enough strength for another attempt to breach the 2.60 level.
target 1 is **2.530**
target 2 is **2.480**
target 3 is **2.410**