ORDI Crash Analysis: Strong Bears, Key Support Under Test

Market Analysis:

ORDI's current price is $25.48, with a decline of 4.71% in the last 24 hours. The price quickly fell from a high of $30.39 and broke below several moving average supports (MA7, MA25, MA99) in a short period. Trading volume has significantly increased, and the MACD indicator is diverging downward, indicating strong bearish momentum. The current price is running near important support levels, with a weak trend in the short term.

Key Levels:

• Support Levels: $25.00, $24.00

• Resistance Levels: $26.50, $28.00

Action Suggestions:

1. Bearish Strategy:

• If the price breaks below $25.00, consider following up with a short position, target at $24.00, stop loss at $26.00.

2. Bullish Strategy:

• If the price stabilizes around $25.00, consider trying a small position for a long position, target at $26.50, stop loss at $24.50.

Risk Warning:

• Current market bearish sentiment is strong, it is recommended to strictly control positions and stop losses.

• If the price fails to hold the $25.00 support, it may further explore $24.00 in the short term.

Future Market Outlook:

If the price successfully stabilizes at the $25.00 support and rebounds with volume, it can be expected to challenge the $26.50 resistance; if it continues to decline, attention should be paid to the effectiveness of the $24.00 key support. Investors are advised to flexibly adjust strategies based on market fluctuations.