$ORDI at $4.67, will you buy it?



Tomorrow, some exchange will list its new trading pair, zero fees, trading bots fully active, up 14.9% in 24 hours, jumping from $4.06 directly to $4.67— but when you open the candlestick chart, you see that a week ago it just surged to $9.8, then dropped like it took a laxative. Is this the second wave of takeoff, or are the whales setting a trap for you?

First, look at the surface: good news hits hard, but the price acts like a lunatic.

In the past 24 hours, ORDI rose from $4.06 to $4.67, a 14.9% increase, with trading volume soaring to $14.21 million. But don’t celebrate too early— a week ago, it surged 184%, hitting $9.8, then what? Then nothing, it just dropped back into the low $4s.*

First thing: some exchange personnel personally pumped the price.

On April 21, some exchange plans to list ORDI’s new spot trading pair, zero fees, with trading bots simultaneously enabled. What does zero fees mean? It means market makers can flood the order book, instantly boosting liquidity.

Second thing: the Ordinals ecosystem is alive.

Total inscriptions surpassed 90 million, daily active users returned to the 2023 peak, inscription fees skyrocketed from 50 sats to over 200 sats. Mining pools are now promoting “inscription optimization services,” indicating that Ordinals has shifted from a “test toy” to a “serious business.” As the pioneer coin of BRC-20, ORDI is the index fund on this chain.

Third thing: technicals are conflicting, but volume doesn’t lie.

On the daily chart, RSI violently rebounds from oversold territory, MACD histogram remains in positive zone, trading volume-to-market cap ratio exceeds 260%, with 24-hour trading volume at $250 million. This shows some are selling, but others are desperately buying. Currently, the price oscillates between $4.4 and $4.6, with psychological resistance at $5.0–$5.5, and a critical support at $3.8–$4.0.

On one side: some exchange listing, ecosystem explosion, inscription fees soaring.

On the other: concentrated trading, bearish sentiment, selling pressure mountain high.

Key level: $4.0, the last bottom line for bulls and bears.

If you’re a short-term trader: buy gradually at $4.4–$4.6, stop-loss below $4.0. Break above $5.0 with volume, add positions, target $6.6 → $8.0 → $12.0, take profits step by step.

If you’re a long-term investor: build a core position of 30% at current prices, add up to 70% if it dips to $3.8.* ORDI is a blue-chip of BRC-20, with the Bitcoin halving effect still ongoing, macro easing cycle on the way.

ORDI now feels like a patient just rescued—its ECG jumps around, but the heartbeat hasn’t stopped. If you dare to hold its hand while it trembles, it might take you to see $12.
ORDI2.43%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
Add a comment
Add a comment
CosmicGeneral
· 31m ago
The dog casino is probably going to open tomorrow with many people, then run away; the dog casino isn't greedy either.
View OriginalReply0
GateUser-00295ee1
· 3h ago
Just charge and you're done 👊
View OriginalReply0
RedAdeman
· 3h ago
Just charge it 👊
View OriginalReply0
GateUser-c3b4d6b6
· 3h ago
Writing so much, I believe you. Are you saying to buy or not?
View OriginalReply0
  • Pin