ORDI Price Prediction: Key Highlights
1. Primary support and resistance levels
- Within the daily time frame, there is a support level of $22 can probably be the lowest price floor.
- Vice versa, 60$ proved to be the highest resistance.
2. Market sentiment
- The ORDI market is considered bearish in August 2024.
3. Predictive forecasts
- According to forecasts from our AI/ML algorithms, the average price of ORDI is expected 150$ in 2025 and 1,200 US dollars in 2028.
Get a detailed overview of ORDIs Prospects about a comprehensive daily technical analysis followed by forecast tables for the coming days of the month, the coming months and the year derived from our AI/ML based predictive models:
ORDI Technical Analysis: Previous Patterns Suggest Further Declines
Expand Bitcoin (BTC) capabilities, ORDI has made a name for itself in the crypto space. However, recent fluctuations prompt us to take a closer look at Ordis Price forecast for 2024 and beyond.
In the first half of June, the first attempts focused on overcoming the highest resistance at 60$. This was the highest level since mid-April. During the second week, the market signals changed from green to red.
A Downward trend took control and returned the asset to $35 by mid-month. This significant loss of gains made ORDI one of the three biggest market losers. However, the token’s position at this level allowed it to $41.
However, the lack of conviction of the buyers prevented this attempt from succeeding. In addition, the sellers became stronger, $35 In early July, the value became resistance and the asset fell to the lowest level of $27. ORDIs undervalued Condition catalyzed a rapid recovery to regain $30 until the second week.
The accumulation grew gradually, while there were occasional setbacks. As a result, the asset retested the high of $41. As with the previous attempt, this rally suffered a similar fate and the price fell below $35 in August. The analysis concluded that the value of ORDI at $32.
How high/low can ORDI go in 2024?
The failure of the current support remains very likely, causing the asset to return to the lowest levels. This support may once again trigger a recovery to revisit previous highs. Nevertheless, a sustained downtrend could push the ORDI up to $22.
A definitive bullish Trend would require maintaining significant buying momentum $41This may pave the way for the price to retest the top resistance, with the prospect of reaching $87 The level marks the narrowest barrier between ORDI and its All-time high (ATH).
The next milestone for ORDI is to obtain the 100$ brand. Our prediction models expect this to happen next year, with the average price of the token reaching 150$The robust Upward trend is expected to continue in the long term, with the ORDI averaging over 1,200 US dollars until 2028.
ORDI’s Roadmap 2024: Key indicators to monitor and act on
- The Trading volume rose at times even as the price fell. However, the mostly flat state from the second week of July suggested that investors no longer believed in the asset.
- The Moving Average Convergence Divergencee (MACD) indicator formed a bearish Crossover in mid-June and fell below the Zero line. Over and beyond Signal line followed later in the month. The dynamics reversed in the second week of July, when bullish Crossover occurred. In addition, both lines became positive at the end of July.
- But at the end of the month MACD fell below the signal line again, and both turned negative in early August. The last recorded values were the MACD line at -0.58the signal line at -0.08and the histogram at -0.50Highlighting a dominant Downward trend.
- The On-balance volume (OBV) fell sharply from the beginning. After short, unsustainable peaks at the end of June, the indicator rose from the beginning to the end of July.
- Then he moved south again and ended up at 6.168 million. This was an indication of a revival in selling sentiment.
