ORDI plummets 16%! Can the support level save the situation?

ORDI's current price is $24.32, down 16.40% in the last 24 hours, with market sentiment turning pessimistic and selling pressure significantly increasing. However, whether the key support level can help it stop falling and rebound has become the focus of attention.

Market Analysis:

• Support Level: $24.00 is the primary observation point. If it breaks down, it may test $22.50;

• Resistance Level: Short-term focus on $25.50 and $27.00; a breakthrough may lead to a strong recovery;

• Technical Indicators: RSI has entered the oversold zone, only 5.10 shows rebound potential, MACD bearish momentum continues to increase.

Trading Suggestions:

• Short-term Long Position: Try small position layouts near $24.00, stop loss at $23.50, target $25.50;

• Cautious Observation: If it breaks below $24.00, it is recommended to wait for stabilization signals before taking action.

Can ORDI stabilize at the $24.00 support? Will you choose to buy the dip or continue to observe? Feel free to share your thoughts in the comments section! $ORDI