Today, I will give a straightforward answer to the fans' most asked question: Brother Guang, ORDI has been sideways trading between $4 and $5 for several days. Can it still go long now? What is the future trend?

First, here is a clear core conclusion: As of 4:00 PM on April 24, ORDI is priced at $4.55. This level is only suitable for short-term light positions to test the rebound and gamble on a bounce; it is absolutely not suitable for heavy positions or long-term holding. Stop-loss must be strict, and the risk-reward ratio should always be the top priority; if you lack short-term trading skills or cannot strictly implement risk control, I do not recommend you to touch it.
Now, let me address the most confusing point for everyone: Why did I say it had an upward expectation before, but it has been sideways without rising these days? The core reasons are just three, all based on the most genuine underlying market logic:
Profit-taking after a sharp rise + double selling pressure from trapped positions are the main root causes of the sideways movement.
During the extreme market on April 17, ORDI surged from $2.83 to a high of $10.76 in one day, nearly tripling in three days, with short-term speculators making huge profits. After positive news landed, speculators concentrated on dumping to realize gains, causing the price to fall rapidly, trapping a large number of retail investors who chased the high in the $5-$8 range. Now, every time the price exceeds $5, there are many waiting to cut losses and run. Without new funds entering, the selling pressure cannot be absorbed, and the price naturally cannot go up. As of today, ORDI has a 24-hour turnover rate of 91.12%, with all chips fully exchanged in the $4-$5 range. Without new capital, the situation cannot be broken.
But here’s some reassurance: From on-chain data, the top 10 addresses' holdings have remained stable, with no large whales dumping massively in the past 7 days, and exchange balances have not surged. This indicates that the long-term main holdings are unchanged. The current sideways trading is just a game between short-term speculators and retail investors, not a main force distribution.
BTC market liquidity is locked, altcoins have no room to grow
In the past week, BTC has been trading narrowly between 77,000 and 78,500. The geopolitical tension between the US and Iran is still hanging over us, and the Fed’s rate cut expectations keep being delayed. Market funds are all hiding in BTC for risk aversion, and no one dares to touch the altcoin sector. The entire BTC inscription sector has been continuously flowing out, with a 24-hour market cap drop of 5.6%. The influx of new funds has dried up completely. Even as a leading project in the sector, ORDI can only sideways trade and be frustrating without capital entering.
Positive news has landed, but no new stories emerge, so market enthusiasm naturally wanes
The previous surge was driven by the total number of Ordinals inscriptions surpassing 90 million, ecosystem revival, and new trading pairs on top exchanges—these were the concentrated positive factors. Now that all these benefits are realized, there are no major institutional compliant entries, no significant technological upgrades in the ecosystem, and no strong support from top platforms. Social media discussion volume has dropped 70% from its peak. Retail traders’ enthusiasm for following the trend has faded. Without new stories, there is no new capital, and the market cannot sustain a continuous rise.
The core question: Can we go long now? How should we operate?
✅ Only one scenario allows for it: short-term light positions to test the long, strictly following the rules.
Entry zone: When the current price stabilizes between $4.4 and $4.6, with no volume-driven sharp decline, you can start entering gradually. Each position should not exceed 10% of total funds, leverage no more than 20x; higher leverage is not recommended.
Strict stop-loss rule: Set the stop-loss at $3.98, and it must be a close below $4 on the 4-hour chart to be valid. Intraday dips do not count. Once triggered, exit unconditionally—do not hold the position. If the price rebounds and breaks above $5, immediately move the stop-loss up to $4.3 to protect the capital and play it safe; even if you lose, you won’t feel bad.
Take-profit targets: First target is $5.0-$5.2; when reached, reduce 70% of the position to lock in profits—don’t be greedy. Second target is $5.8-$6.0; only if the price breaks volume above $5.5 and BTC also surpasses the previous high of $79,000 simultaneously, then consider this target. Otherwise, take profits at the set point—no overestimating the pattern.
❌ Three core reasons why you should absolutely not hold a heavy long position—don’t gamble your principal:
The overhead trapped positions are like a mountain; without new funds, it’s impossible to push through. Heavy positions just serve as a cushion for the trapped positions, risking being caught halfway up the mountain.
Its movement is 100% tied to BTC’s trend; it has no independent upward logic. If BTC turns downward, ORDI’s decline will be 2-3 times BTC’s, making heavy risk uncontrollable.
There are no new stories or positive catalysts now—only stockpile capital game. It can’t rise further or fall deeply. Heavy positions are just a waste of time and will make you anxious. $ORDI ‌#加密市场行情震荡