In this ORDI technical analysis, we will examine the current price action, trading volume, key levels and indicators for ORDI-BTC. ORDI is a decentralized finance (DeFi) platform that utilizes blockchain technology to provide users with access to financial services such as lending, borrowing, and trading. The platform’s native cryptocurrency, ORDI, serves as the primary medium of exchange within the ecosystem and offers holders a range of benefits, including voting rights and discounts on transaction fees. With its innovative approach to DeFi, ORDI is poised to revolutionize the financial industry by providing users with more secure, transparent, and accessible financial services.
ORDI Price Overview:
As of May 14, 2024, ORDI is trading at approximately 0.00059 BTC. Let’s dive into the detailed price action for ORDI-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.00059 |
| High (H) | 0.00063 |
| Low (L) | 0.00058 |
| Close (C) | 0.00059 |
| Volume (C) | 12,324.29 |
- Open (O): The opening price for today’s trading session was approximately 0.00059 BTC.
- High (H): ORDI reached a daily high of around 0.00063 BTC.
- Low (L): The daily low for ORDI-BTC was approximately 0.00058 BTC.
- Close (C): At the time of analysis, ORDI is trading near its daily close of 0.00059 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.30% |
| 3D Change (%) | -0.62% |
| 7D Change (%) | -1.92% |
| 30D Change (%) | -18.68% |
| 90D Change (%) | -56.65% |
| YTD Change (%) | -68.07% |
Over the past three days, ORDIBTC has fallen by approximately -0.62%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -1.92%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ORDIBTC maintaining a downward trend of approximately -18.68%, despite intermittent fluctuations. Examining the last 90 days, ORDIBTC has witnessed substantial drop of approximately -56.65%, reflecting strong long-term confidence. Year-to-date, ORDIBTC has steadily dropped by around -68.07%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
ORDI Live Chart:
You can access a live price chart for ORDI-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.73286.
- Momentum score is -0.18089.
ORDI BTC Technical Analysis
ORDI Trading Volume:
The trading volume for ORDI (ORDI) over the past 24 hours has been significant, with approximately 12,324.29 BTC traded against ORDI. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): ORDI is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): ORDI is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ORDI-BTC is currently in the low zone, around 38.58951. This suggests that ORDI is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
ORDI (ORDI-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.
Explore ORDI’s (ORDIBTC) potential setbacks at 5.92e-04 BTC through bearish technical analysis, emphasizing weakened support and cautionary indicators.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.