Forwarded information:
Market sentiment and news
Market sentiment and news about Ordi recently show some positive factors:
Price performance: Ordi has seen a 30% increase in price over the past week, showing strong bullish sentiment. However, the price has retreated in the last 24 hours, down 6.09% to $44.32.
Market sentiment: Overall market sentiment remains bullish, with the Fear and Greed Index showing that Ordi is currently overbought. Binance Square's market outlook also shows that Ordi is within an ascending channel.
Trading volume: Despite the price increase, 24-hour trading volume has dropped 39.30% from the previous day, indicating a decrease in recent market activity.
Major announcement: Coinbase International Exchange and Coinbase Advanced will add support for Ordinals (ORDI) and Worldcoin (WLD) perpetual futures contracts, and this news has had a positive impact on the price of Ordi.
Technical Analysis
From the perspective of technical analysis, Ordi's current key support and resistance levels are as follows:
Support: The current key support level is around $40, which is an important support point during the recent price correction.
Resistance: The main resistance level above is around $70, which is the resistance point encountered by Ordi during its most recent rise.
In terms of technical indicators, although Ordi's recent price has fallen back, the overall trend remains bullish. Investors should pay attention to changes in trading volume and the breakthrough of key support and resistance levels.
Coinbase International Exchange and Coinbase Advanced launched Ordi perpetual contracts, which will increase Ordi's market liquidity and trading volume.
Combining the above information, Ordi's recent market sentiment and fundamental factors have shown certain positives. However, investors should be aware of the following points:
Short-term volatility: Although the overall trend is bullish, Ordi's recent price fluctuations are large, and investors should be cautious to avoid the risks brought by sharp fluctuations in the short term.
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