$ORDI
Daily Point Analysis and Bullish/Bearish Direction Prediction
Market Analysis
The current price of ORDI is $26.96, up 1.01% for the day. The price has significantly retraced from the previous high of $53.01, with a slight rebound after finding support at $23.28, but overall remains in a weak pattern. The MA(7) and MA(25) moving averages are declining and widening, indicating that short-term bears still hold the advantage. Although the MACD indicator is in the negative zone, the green bars are shortening, suggesting a weakening of bearish strength.
Key Levels
• Support Levels: $25.40, $23.28
• Resistance Levels: $28.76, $32.69
Bullish/Bearish Direction Prediction
In the short term, if the price remains steady above $25.40, it is expected to challenge the resistance level at $28.76. If it breaks below $25.40, it may further test the strength of support at $23.28.
Action Suggestions
1. Long Position Strategy:
• Entry: Enter after stabilizing in the range of $25.50-$26.00
• Take Profit: $28.00, $28.76
• Stop Loss: $24.80
2. Short Position Strategy:
• Entry: Enter after encountering resistance in the range of $28.50-$29.00
• Take Profit: $25.50, $23.50
• Stop Loss: $29.50
Summary
ORDI is in a consolidation and repair phase, and it is recommended to closely monitor the key support level at $25.40. If it stabilizes, there may be a rebound opportunity; however, if it breaks below support, it may accelerate downward adjustments, and careful position management is required.