- ORDI coin experienced a decline of more than 4% today, failed to surpass the specified resistance range, and retraced to $51.97.
- 4-hour closures above $58.63 may sustain the upward trend, with the potential to reach up to $70.
- Strong buying responses around the $46.666 level may support the upward movement starting from $46.66, targeting $57 and potentially reaching $70.
ORDI coin showed a decline of more than 4% today and couldn’t overcome the specified resistances. However, 4-hour closures above $58.63 may support the upward trend, providing potential up to $70.
Short-Term ORDI Coin Price Analysis
When examining the current technical chart of ORDI coin, it experienced a decline of more than 4% today. Failing to surpass the mentioned resistance levels of $58,636 – $57,357 as indicated in the analysis, ORDI coin retraced to $51.97.
If ORDI coin achieves 4-hour candle closures above the mentioned $58.63, it may sustain the upward trend and reach up to $70. However, if this resistance is not breached, the downward movement could continue to $46.66 and then to $44.
ORDI coin investors should wait for 4-hour closures above $58.63. If strong buying responses are encountered around the $46.666 level, the upward movement may start from $46.66, initially targeting $57 and then potentially reaching $70.
However, if ORDI coin makes 2-hour closures below $46.66, the downward movement could extend to $40.71. Closures below $40.71 may continue the decline to levels around $36.889. Therefore, ORDI coin investors should carefully monitor the specified resistance levels.
