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The ORDI price has soared 22% in the last 24 hours to trade at $32.45 as of 3:45 a.m. EST on a 211% surge in trading volume to $309 million.
ORDI Price Signals A Breakout Above The Descending Triangle
The ORDI/USDT chart indicates a descending triangle pattern, a bearish continuation setup characterized by a downward-sloping upper trendline and a flat support level around $32.
This pattern indicates that sellers have been consistently pushing the price lower while buyers maintain support, leading to reduced volatility as the price approaches the triangle’s apex.
ORDIUSDT Analysis Source: Tradingview
The presence of the 200-day Simple Moving Average (SMA) above the current price further emphasizes the bearish sentiment, acting as a significant resistance level. For a bullish breakout to occur, the price would need to convincingly break above both the triangle’s resistance and the 200-day SMA, signalling a shift in market momentum.
The Relative Strength Index (RSI) is hovering near 49.75, indicating neutral momentum without a clear overbought or oversold condition, which suggests that the market could swing in either direction.
ORDI Price Prediction
The ORDI price presents a potential breakout scenario, with the target price marked above $60 if the price manages to break above the triangle’s resistance line. Such a breakout, especially when accompanied by high trading volume, would signal a strong bullish reversal.
While there is potential for an upward move, traders should closely monitor volume and momentum indicators for confirmation. If the price fails to break above the SMA and continues to respect it as resistance, it could lead to further downside pressure, reinforcing the bearish outlook suggested by the descending triangle pattern.
Final Call: The Meme Games Presale Nears Conclusion – Buy Fast!
Meanwhile, as ORDI traders anticipate a bull rally, investors are rushing to buy The Meme Games (MGMES), which has raised over $409K as its presale nears its conclusion.
Renowned crypto analyst and YouTuber Claybro who has over 130k subscribers, calls MGMES ”a tiny crypto gem.”
The Meme Games bring the excitement of Olympic-style competition to the world of meme coins, where fan-favorite meme coins like Dogecoin, Pepe, Dogwifhat, Brett, and Turbo compete for gold.
By buying MGMES tokens, you get to back one of these five meme characters in a virtual showdown and the winning meme is picked randomly through blockchain technology.
If your chosen meme wins, you’ll score a 25% bonus on your initial purchase!
No eyes? No problem. $PEPE's got a sixth sense for where DOGE is hiding on the field. ⚽️ pic.twitter.com/fr8HvI0j21
— The Meme Games (@MemeGames2024) September 3, 2024
Investors can join in as many times as they want by buying more MGMES tokens, with no minimum purchase required.
This flexibility means you can make multiple smaller purchases to increase your odds of winning and strategize your way to the top!
You can also stake your MGMES tokens for an impressive annual percentage yield of 471%. So far, over 21 million MGMES tokens have been staked since the project’s presale launched.
The Meme Games team has announced the conclusion of the presale on September 8 at 10 am UTC.
Investors eager to buy MGMES tokens can do so for $0.0094 using ETH, USDT, BNB, or a credit card. With the price set to increase in less than three days, buying now will help you secure the best deal.
Buy MGMES tokens here before its presale ends.
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