ORDI bulls collapsed? The $36 mark continues to fluctuate. Will the next step be an outbreak or a collapse?

ORDI's recent performance is unpredictable. It rebounded from $30 to $38 a few days ago, and then the bulls and bears fought fiercely again. It is currently hovering around $36. From the K-line, the upward trend since October 6 has encountered a strong resistance at $38, and multiple attacks in the short term have failed. As the BOLL band gradually narrows, the market may usher in a large fluctuation, and the shock is nearing its end.

From a technical point of view, the short-term moving average has begun to turn downward, and the current price has fallen below the support of multiple moving averages, indicating that the market selling pressure is gradually increasing. If $36 fails to hold, ORDI may quickly retest to $35 or even $30, and the subsequent trend is extremely risky. But if it can stabilize at $36, it may have the opportunity to challenge $38 again in the short term, or even launch an attack on $40.

At the market level, the current trends of Bitcoin and Ethereum have a greater impact on ORDI, and market sentiment is still cautious. At the same time, with the evolution of macroeconomic policies and international hot events (such as the Federal Reserve's interest rate policy, the situation in Israel, etc.), the flow of funds in the crypto market faces multiple uncertainties.

For investors, short-term investors can pay close attention to the $36 support level and choose appropriate trading opportunities, while medium- and long-term holders should remain patient and wait for further confirmation of the market direction.

The war on ORDI is not over yet, and $36 is the last position for bulls! Lock in Lao Lin and unlock more practical operation strategies!

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