ORDI is experiencing a significant decline, having fallen 38% to reach $6.06, following a peak of $10.70 within the last 24 hours. Trading activity is robust, with a volume of $147 million USDT indicating considerable panic selling. The moving averages reveal that MA7 sits at 3.04 and MA25 at 2.67, both significantly lower than the current price. However, MA99, positioned at 5.67, is now being tested as a support level. Regarding volume fluctuations, there is a 5% decrease today, yet an increase of 146% over the past week and 142% over the last month; this suggests a sharp pullback following a substantial rise. The order book reveals a strong preference for buyers, with 69% bids compared to 31% asks, indicating solid interest at reduced price levels. This may indicate a constructive correction within an ongoing uptrend rather than a trend reversal. If the price remains above MA99 (approximately $5.67), a rebound could occur. It's essential to wait for confirmation.@Ordi_ #ORDI $ORDI

ORDI

4.829

+4.97%

$SIREN $

SIRENUSDT

Trvl

0.6641

+1.91%