In this ORDI technical analysis, we will examine the current price action, trading volume, key levels and indicators for ORDI-USDT. ORDI is a decentralized finance (DeFi) platform that utilizes blockchain technology to provide users with a secure and transparent way to invest in various financial instruments. With ORDI, users can access a wide range of financial products and services, such as lending, borrowing, and trading, all within a single ecosystem. Additionally, ORDI’s innovative use of smart contracts ensures that all transactions are executed efficiently and securely, without the need for intermediaries.
ORDI Price Overview:
As of February 09, 2024, ORDI is trading at approximately 64.132 USDT. Let’s dive into the detailed price action for ORDI-USDT:
| Metric | Value |
|---|---|
| Open (O) | 58.786 |
| High (H) | 65.4 |
| Low (L) | 58.786 |
| Close (C) | 64.132 |
| Volume (C) | 1,092,420.01 |
- Open (O): The opening price for today’s trading session was approximately 58.786 USDT.
- High (H): ORDI reached a daily high of around 65.4 USDT.
- Low (L): The daily low for ORDI-USDT was approximately 58.786 USDT.
- Close (C): At the time of analysis, ORDI is trading near its daily close of 64.132 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 9.07% |
| 3D Change (%) | 18.20% |
| 7D Change (%) | 12.02% |
| 30D Change (%) | -12.90% |
| 90D Change (%) | 239.75% |
| YTD Change (%) | -18.26% |
Over the past three days, ORDIUSDT has risen by approximately 18.20%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 12.02%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ORDIUSDT maintaining a downward trend of approximately -12.90%, despite intermittent fluctuations. Examining the last 90 days, ORDIUSDT has witnessed substantial increase of approximately 239.75%, reflecting strong long-term confidence. Year-to-date, ORDIUSDT has steadily depreciated by around -18.26%, 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-USDT 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 0.94477.
- Momentum score is -0.12901.
ORDI USDT Technical Analysis
ORDI Trading Volume:
The trading volume for ORDI (ORDI) over the past 24 hours has been insignificant, with approximately 1,092,420.01 USDT 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-USDT is currently in the neutral zone, around 54.1657. This suggests that ORDI is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
ORDI (ORDI-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Follow potential bullish trend for ORDI (ORDIUSDT) at 64.13 USDT with technical analysis, indicating promising indicators and robust support.
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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.