$ORDI

ORDI Price Analysis

Current Market Overview

• Current Price: $28.82

24h Price Change: -13.48% (previously $33.31)

24h High/Low: $33.37/$27.00

24h Trading Volume: 600,664.81 ORDI

24h Turnover: $17,975,958.20

• Funding Rate: 0.00007636

Open Interest: 1,472,881.1 ORDI

Market Sentiment

Whale Trader Signal:

Long Positions: 575,238

Short Positions: 3,490,768

Long/Short Ratio: 0.2:1

Capital Flow:

Inflow: $96,927,435

Outflow: $122,047,521

Net Flow:-$25,120,086

Fear & Greed Index: 87 (Extreme Greed)

Support and Resistance Levels

Support Price: $28.42

Resistance Price: $30.56

Fundamental Insights

Circulating Supply: 21,000,000 ORDI

Market Cap: $1,183,523,786

Token Description: ORDI utilizes the Ordinals

protocol to inscribe data onto satoshis, allowing for the creation of NFTs and tokens without needing separate tokens or side chains.

Conclusion

The ORDI token is currently experiencing a significant price drop of approximately 13.48% over the last 24 hours, with a current price of $28.82. The market sentiment is leaning towards extreme greed, which may indicate a potential correction. The support level is at $28.42, while resistance is at $30.56. The capital outflow exceeding inflow suggests a bearish trend, and traders should be cautious.

Recommendations

Monitor the support level closely; a break below $28.42 could lead to further declines.

Watch for any changes in the Fear & Greed Index, as shifts could indicate changing market sentiment.