This article explores the recent price movements and potential breakout for the ORDI token, analyzing market indicators and social sentiment.
Points
- ORDI token trading at $38.44 with a 9.87% intraday gain.
- Anticipated breakout past $45, potential rise to $50.
- Indicators like RSI, CMF, and MFI show bullish signs.
- Social dominance for ORDI increased by 23%.
- Positive funding rate and significant short liquidations suggest bullish momentum.
At press time, the ORDI token was trading at $38.44, reflecting a significant intraday gain of 9.87%. This bullish wave has propelled ORDI to the 96th rank, with a market cap of $809.91 million. Over recent weeks, ORDI faced bearish pressure, retracing inside a falling channel. However, the correction wave has ended, and accumulation signs are visible on the chart.
Currently near the $40 cluster, ORDI is poised to breach the $45 mark soon. Despite being range-bound, a breakout seems imminent. Traders are closely eyeing this token, anticipating a significant upward move.
The ORDI token is attempting to breach the 50-day EMA hurdle, with a potential short covering move expected once it crosses $42. The RSI curve, near 53, indicates a bullish stance. The token also gained 10.193% in a four-hour timeframe, signaling a strong buy.
解説
- Relative Strength Index （RSI）: A momentum indicator showing the speed and change of price movements. An RSI near 53 suggests a bullish trend.
- CMF and MFI Index: These indicate the accumulation phase, hinting at potential price reversals.
- Funding Rate: In perpetual futures, a positive funding rate means demand is higher for long positions, indicating bullish sentiment.
- Open Interest （OI）: An increase in OI often suggests that new money is coming into the market, indicating a bullish trend.