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Everyone says not to have too much hope for any tokens in a bear market, even if they once led the inscription track.
ORDI's recent performance is the most truthful reflection of this statement. In the past 24 hours, ORDI has fallen another 2.6%, with the price reaching $3.445. You might think this decline isn't significant, but what really sends chills down your spine is its technical pattern—EMA7 has already fallen below EMA25 and EMA99, with short-term, medium-term, and long-term moving averages all in a bearish alignment. This indicates that the selling pressure in the market has been persistent, with almost no decent rebounds.
Looking at MACD, the histogram continues to stay green (negative), and the bearish momentum shows no signs of weakening. RSI is even worse; all three periods are below 50, with the latest RSI6 just over 40. What does this mean? It means there’s basically no one willing to step in and buy, with weak buying pressure causing the price to drop even with slight selling pressure.
In fact, ORDI's current decline isn't an isolated event. The entire inscription track is now basically no one trading anymore; the hype has long faded. Community sentiment is also very pessimistic, with everyone worried it might keep falling, and some even discussing whether there will be a concentrated sell-off. Honestly, with the current liquidity and market sentiment, I wouldn't be surprised if ORDI drops below $1.
Some might say, since ORDI is the inscription leader, it should have some bottom, right? But a bear market is like this—no bottom is set in stone. No trading volume, no story, no new funds coming in—no matter how strong the leader is, it can only go with the flow. At this level, ORDI at $3.4 looks cheap, but who dares to say how much room there is below?
To put it plainly, in a bear market, there should be less fantasy and more clarity. Whether it's ORDI or other tokens, don’t cling to “once glorious” and refuse to let go. The market doesn't care about the past; it only cares whether people are willing to buy now. And right now, the answer is very clear. $ORDI #股票交易挑战最高赢17000U