Market Update: Calm Before the Next Move 📉
$ORDI is seeing mild downward pressure today, with its 24-hour trading volume at $42.95M and a slight price dip of -0.59%, trading at $9.36.
Key Points:
Market Sentiment: 🔴🔴 – Showing caution among traders.
RSI (14): 0❗️ – Indicates the market may be in a reset or neutral phase.
Funding Rate: 0.005% – Relatively stable.
Volume Change: +206% – High trading activity despite price dip.
EMA50 & EMA100: 0⬇️ – No immediate moving average support signals.
BTC Correlation (RSI_BTC): 37.99 – Slightly below neutral, reflecting cautious positioning relative to Bitcoin.
Traders may want to watch for potential support levels as the market consolidates. ORDI’s high volume suggests that investors are still actively engaging despite minor price movement.
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