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10 months ago
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ARTICLE AD BOX
- Bullish ORDI price prediction for 2024 is $83.417 to $129.932.
- ORDI (ORDI) price might reach $150 soon.
- Bearish ORDI price prediction for 2024 is $30.740.
In this ORDI (ORDI) price prediction 2024, 2025-2030, we will analyze the price patterns of ORDI by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
ORDI (ORDI) PRICE PREDICTION 2024 |
|
| ORDI (ORDI) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
ORDI (ORDI) Current Market Status
| Current Price | $53.34 | 24 – Hour Price Change | 0.65% Down |
| 24 – Hour Trading Volume | $695,741,904 |
| Market Cap | />$1,120,124,851 |
| Circulating Supply | 21,000,000 ORDI | All – Time High | $90.96 (On Jan 02, 2024) |
| All – Time Low | $2.86 (On Sep 11, 2023) |
What is ORDI (ORDI)
| TICKER | ORDI |
| BLOCKCHAIN | Bitcoin Blockchain |
| CATEGORY | Bitcoin-based Memecoin |
| LAUNCHED ON | March 2023 |
| UTILITIES | Governance, tipping system, gas fees & rewards |
Ordinals (ORDI) is a cryptocurrency protocol aiming to enhance the value of each Satoshi, Bitcoin’s smallest unit. With a capped total of 21 million Bitcoins, Ordinals seeks to inscribe information onto each Satoshi, transcending its role as a mere unit of currency. Operating without modifying Bitcoin, the protocol turns each Satoshi into a Non-Fungible Token (NFT) through inscription, accommodating various forms like text and images. This innovation offers diverse use cases, potentially turning each Satoshi into a digital asset, such as an NFT, expanding possibilities for digital ownership and asset transfer in the cryptocurrency realm.
The Ordinals protocol might also create digital tokens without relying on separate blockchains or token systems. The history of Ordinals aligns with Bitcoin’s development, introducing a novel approach to elevate the value of Satoshis and explore new frontiers in digital ownership and asset transfer.
ORDI 24H Technicals
(Source: TradingView)
ORDI (ORDI) Price Prediction 2024
ORDI (ORDI) ranks 57th on CoinMarketCap in terms of its market capitalization. The overview of the ORDI price prediction for 2024 is explained below with a daily time frame.
ORDI/USDT Horizontal Channel Pattern (Source: TradingView)
In the above chart, ORDI (ORDI) laid out the horizontal channel pattern. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contract points. This is because it needs at least two lows to connect, as well as two highs. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. The longer the horizontal channel, the stronger the exit movement will be. There is frequently a price on the channel after exit. the exit often occurs at the fourth contact point on one of the horizontal channel’s lines.
At the time of analysis, the price of ORDI (ORDI) was recorded at $53.34. If the pattern trend continues, then the price of ORDI might reach the resistance levels of $61.063, $80.710, and $140.448. If the trend reverses, then the price of ORDI may fall to the support of $46.289.
ORDI (ORDI) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of ORDI (ORDI) in 2024.
ORDI/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of ORDI (ORDI) for 2024.
| Resistance Level 1 | $83.417 |
| Resistance Level 2 | $129.932 |
| Support Level 1 | $46.994 |
| Support Level 2 | $30.740 |
ORDI Resistance & Support Levels
ORDI (ORDI) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of ORDI (ORDI) are shown in the chart below.
ORDI/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current ORDI (ORDI) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $63.777Price = $54.554 (50MA > Price) | Bearish/Downtrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 36.076 <30 = Oversold 50-70 = Neutral>70 = Overbought | Neutral |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
ORDI (ORDI) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of ORDI (ORDI) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
ORDI/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of ORDI (ORDI).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 10.241 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 47.79 <50 = Low >50 = High | Low volatility |
Comparison of ORDI with BTC, ETH
Let us now compare the price movements of ORDI (ORDI) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs ORDI Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of ORDI is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of ORDI also increases or decreases respectively.
ORDI (ORDI) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of ORDI (ORDI) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| ORDI (ORDI) Price Prediction 2025 | $158 | $30 |
| ORDI (ORDI) Price Prediction 2026 | $161 | $28 |
| ORDI (ORDI) Price Prediction 2027 | $173 | $26 |
| ORDI (ORDI) Price Prediction 2028 | $185 | $24 |
| ORDI (ORDI) Price Prediction 2029 | $198 | $22 |
| ORDI (ORDI) Price Prediction 2030 | $202 | $20 |
Conclusion
If ORDI (ORDI) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish ORDI (ORDI) price prediction for 2024 is $129.932. Comparatively, if unfavorable sentiment is triggered, the bearish ORDI (ORDI) price prediction for 2024 is $30.740.
If the market momentum and investors’ sentiment positively elevates, then ORDI (ORDI) might hit $150. Furthermore, with future upgrades and advancements in the ORDI ecosystem, ORDI might surpass its current all-time high (ATH) of $90.96 and mark its new ATH.
FAQ
1. What is ORDI (ORDI)?
Ordinals (ORDI) is a cryptocurrency protocol aiming to enhance the value of each Satoshi, Bitcoin’s smallest unit.
2. Where can you purchase ORDI (ORDI)?
Traders can trade ORDI (ORDI) on the following cryptocurrency exchanges such as Binance, KuCoin, OKX, HTX (Huobi), gate.io, Bybit, CoinEx.
3. Will ORDI (ORDI) reach a new ATH soon?
With the ongoing developments and upgrades within the ORDI platform, ORDI (ORDI) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of ORDI (ORDI)?
ORDI (ORDI) hit its current all-time high (ATH) of $90.96 on Jan 02, 2024.
5. What is the lowest price of ORDI (ORDI)?
According to CoinMarketCap, ORDI hit its all-time low (ATL) of $2.86 on Sep 11, 2023.
6. Will ORDI (ORDI) reach $150?
If ORDI (ORDI) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $150 soon.
7. What will be ORDI (ORDI) price by 2025?
ORDI (ORDI) price is expected to reach $158 by 2025.
8. What will be ORDI (ORDI) price by 2026?
ORDI (ORDI) price is expected to reach $161 by 2026.
9. What will be ORDI (ORDI) price by 2027?
ORDI (ORDI) price is expected to reach $173 by 2027.
10. What will be ORDI (ORDI) price by 2028?
ORDI (ORDI) price is expected to reach $185 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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