$ORDI This dead and lifeless daily chart is torture!

ORDI daily movement breakdown: dropped from 10.7 to 4.3, is it bottoming out or just a trap for more buyers?

Brothers, I’ve been watching this ORDI daily chart for a whole week, and the more I look, the more I feel there’s a big problem behind it.

First, look at the data. The current price is 4.394, up 1.88% in 24 hours. It seems to be stabilizing and rebounding, but if you look at the daily trend, it’s been falling from the high of 10.707 all the way down, more than halving. Now the price is less than half of the high. Looking at the moving averages, MA7 has already crossed below MA25, forming a short-term death cross. The price is just below MA7, with no strength to push higher. Trading volume has shrunk to historic lows, indicating there’s no capital entering to buy in.

Many say ORDI is the leader of BRC20 tokens, and it should rebound after falling so much, right? But have you thought about what supported it when it was pushed to 10 dollars? Now that the hype has cooled and funds have pulled out, all that’s left are retail investors who are lying flat with losses. Even more strangely, in recent days, the K-line has been hovering around 4 dollars, with very small daily fluctuations. Is this the main force accumulating and building a bottom, or slowly offloading, waiting for a sucker to buy in?

Don’t be fooled by this tiny rebound! Look at the trading volume. When it was dropping from the high, there was a massive sell-off. Now it’s sideways with low volume. Is it because it can’t fall further, or is the main force waiting for retail investors to buy in so they can dump all their chips? Is this sideways movement before a storm, or the prelude to a new crash?

I’ve analyzed the fund flow from the high point and the main force’s control traces. If you want to know whether this sideways trend can be bottomed out, where the resistance is, and whether the support can hold, follow me. I’ll post detailed analysis and key upcoming points in the forum. Don’t be a clueless sucker again! #Gate广场五月交易分享