{"id":572232,"date":"2024-09-03T10:31:57","date_gmt":"2024-09-03T10:31:57","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=572232"},"modified":"2024-09-03T10:31:57","modified_gmt":"2024-09-03T10:31:57","slug":"ordi-price-prediction-ordi-soars-22-as-experts-say-buy-this-olympics-themed-crypto-before-its-too-late","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ordi-price-prediction-ordi-soars-22-as-experts-say-buy-this-olympics-themed-crypto-before-its-too-late","title":{"rendered":"ORDI Price Prediction: ORDI Soars 22% As Experts Say Buy This Olympics-Themed Crypto Before It’s Too Late"},"content":{"rendered":"

The ORDI price has soared 22% in the last 24 hours to trade at $32.45<\/a> as of 3:45 a.m. EST on a 211% surge in trading volume to $309 million.<\/p>\n

ORDI Price Signals A Breakout Above The Descending Triangle<\/h2>\n

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.<\/p>\n

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.<\/p>\n

\"ORDI<\/p>\n

ORDIUSDT Analysis Source: Tradingview<\/p>\n

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.<\/p>\n

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.<\/p>\n

ORDI Price Prediction<\/h2>\n

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.<\/p>\n

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.<\/p>\n

Final Call: The Meme Games Presale Nears Conclusion – Buy Fast!<\/h2>\n

Meanwhile, as ORDI traders anticipate a bull rally, investors are rushing to buy The Meme Games (MGMES<\/a>), which has raised over $409K as its presale nears its conclusion.<\/p>\n

Renowned crypto analyst and YouTuber Claybro who has over 130k subscribers, calls MGMES ”a tiny crypto gem.”<\/p>\n