$ORDI
Spot ORDI In-Depth Insights 20251217 23:00 UTC
Key Points
ORDI's price has significantly dropped to $3.97 in the past 24 hours, influenced by currently bearish technical indicators. Here are the key points:
1. Price and Technicals: ORDI's price has dropped sharply, and technical indicators show a strong bearish trend.
2. Market Sentiment: Community discussions present mixed views, with some expecting a price rebound while others point out signs of distribution.
3. Future Outlook: The BRC20 Phase 2 upgrade will be launched in January 2026, bringing programmability features to ORDI.
Highlights
1. RSI Oversold: The 6-period RSI (25.17) and 12-period RSI (26.84) are both in the oversold region, indicating a potential price rebound in the short term.
2. Protocol Upgrade: The BRC20 Phase 2 upgrade, expected to be launched on January 28, 2026, will enhance ORDI's utility by adding programmability features.
3. Demand Zone Rebound: Several community analyses indicate that ORDI is near a strong support zone, expecting a technical rebound with a target price of $5.75.
Risks
1. Bearish EMA Cross: The 7-period EMA (4.03) has fallen below the 25-period EMA (4.24) and the 99-period EMA (4.35), indicating a persistent downward trend.
2. MACD Momentum: The MACD line (0.13) is below the signal line (0.09), and the histogram shows a negative declining trend, indicating strong and increasing bearish momentum.
3. Continued Price Decline: ORDI's price has dropped from about $4.57 to $3.97 in the past 24 hours, reflecting strong ongoing selling pressure.
Community Sentiment
1. Divergent Views: The community's views on ORDI are divided, with some members expecting a short-term rebound from support levels, while others point out signs of distribution and the possibility of further declines.
