Ordinals is Predicted to Reach $43.87 By Oct 11, 2024

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Ordinals is up 5.14% today against the US Dollar
• ORDI/BTC increased by 5.39% today
• ORDI/ETH increased by 4.91% today
• Ordinals is currently trading 19.02% below our prediction on Oct 11, 2024
• Ordinals gained 23.40% in the last month and is up 920.00% since 1 year ago

ORDI price is expected to rise by 30.33% in the next 5 days according to our Ordinals price prediction

is trading at $ 35.52 after gaining 5.14% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 5.71% in the same time period. ORDI performed well against BTC today and recorded a 5.39% gain against the world’s largest cryptocurrency.

According to our Ordinals price prediction, ORDI is expected to reach a price of $ 43.87 by Oct 11, 2024. This would represent a 30.33% price increase for ORDI in the next 5 days.

ORDI Price Prediction Chart

Buy/Sell Ordinals

What has been going on with Ordinals in the last 30 days

Ordinals has been displaying a positive trend recently, as the coin gained 23.40% in the last 30-days. The medium-term trend for Ordinals has been bullish, with ORDI increasing by 18.17% in the last 3 months. The long-term picture for Ordinals has been positive, as ORDI is currently displaying a 920.00% 1-year price change. On this day last year, ORDI was trading at $ 3.48.

Ordinals reached its all-time high price on Mar 05, 2024, when the price of ORDI peaked at $ 95.90. The current ORDI cycle high is $ 42.35, while the cycle low is at $ 20.87. ORDI has been displaying high volatility recently – the 1-month volatility of the coin is at 10.54. Ordinals recorded 16 green days in the last 30 days.

Ordinals technical analysis for today – Oct 06, 2024

The sentiment in the Ordinals markets is currently Neutral, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 32.91, $ 32.26 and $ 31.65, while $ 34.17, $ 34.79 and $ 35.43 are the key resistance levels.

Neutral sentiment for Ordinals

18 indicators are currently signaling a bullish prediction for Ordinals, while 7 indicators are showing a bearish forecast. With 72% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Ordinals.

Crypto market is currently experiencing Neutral

Currently, the Fear & Greed index is at 50 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Ordinals moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Ordinals is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Ordinals is at 48.09, suggesting that ORDI is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Ordinals over the last 50 days. Currently, Ordinals is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the ORDI closing price for the last 200 days. ORDI is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Ordinals prediction

After considering the above factors, we can conclude that the current forecast for Ordinals price prediction is Neutral. ORDI would have to increase by 30.33% to hit our $ 43.87 target within the next five days. Moving forward, it will be important to monitor the ORDI market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Ordinals price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.