📊 Ordinals (ORDI) Market Analysis – Key Levels & Outlook 📊
🔹 Current Price: $7.46
🔹 Market Sentiment: ORDI has been in a major downtrend, losing over 87% of its value in a year and facing significant fundamental challenges.
Technical Outlook & Key Levels 📈
✅ Support: $6.00 – Holding above this level is crucial for any potential recovery.
✅ Resistance: $14.00 – If support holds, this is the next key target.
✅ Breakdown Levels:
Below $6.00, ORDI could drop towards $4.00, then $2.00 in a worst-case scenario.
Market Structure 🚀
🔸 ORDI is currently experiencing a free fall, with occasional dead cat bounces due to low liquidity and high manipulation risks.
🔸 If it stays above $6.00, there is a chance for a short-term recovery towards $14.00.
🔸 However, losing $6.00 would signal further downside risk.
What’s Next? 🔮
📌 Above $6.00: Targeting $14.00 in the short term.
📌 Below $6.00: Expect a drop towards $4.00, then possibly $2.00.
📌 Be cautious – ORDI remains highly volatile and subject to market manipulation.
🔔 Stay tuned for updates once ORDI approaches $14.00 or breaks key levels!
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