{"id":189991,"date":"2023-11-09T01:39:23","date_gmt":"2023-11-08T20:09:23","guid":{"rendered":"https:\/\/dripp.zone\/news\/has-ordi-hit-overbought-after-80-surge-or-is-it-just-a-start-crypto-news\/"},"modified":"2023-11-09T01:39:26","modified_gmt":"2023-11-08T20:09:26","slug":"has-ordi-hit-overbought-after-80-surge-or-is-it-just-a-start-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/has-ordi-hit-overbought-after-80-surge-or-is-it-just-a-start-crypto-news\/","title":{"rendered":"Has $ORDI Hit Overbought After 80% Surge or is it Just a Start? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-163822\">\n<p>\nOrdinals Price Prediction: Under the influence of a rounding bottom pattern the ORDI price is set for significant growth\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"681\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/RADYKQT1-e1699472415145.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"ORDI\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 10 mins ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Ordinals Price Prediction: Similar to many of its peers, Bitcoin Ordinals(ORDIs) experienced a robust recovery starting in late October. From a modest $3, the coin\u2019s value surged to a remarkable peak of $14.74, marking an impressive 386% increase. This uptrend is underscored by the development of a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rounding-bottom-pattern\/\">rounding-bottom pattern<\/a>, suggesting that the current recovery could be the precursor to a more extensive bullish trend.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/bitcoin-btc-price-consolidates-as-analyst-predicts-next-stop\/\">Bitcoin (BTC) Price Consolidates as Analyst Predicts Next Stop<\/a><\/p>\n<h2><b>Is ORDI Ready to Surpass $15?<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A recent breakout from the $10.58 barrier offers buyers an additional stepping stone to prolong recovery time.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The rising ORDI price may surge 44% before hitting the next crucial resistance of $18.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume in ORDIer is $429 Million, indicating a 9% loss.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"TradingView Chart\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/r\/RADYKQT1.png\"\/><noscript><img decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/r\/RADYKQT1.png\" alt=\"TradingView Chart\"\/><\/noscript>Source- Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the last three weeks, the ORDI coin price has witnessed parabolic growth, contributing to the formation of a bullish reversal pattern called a rounding bottom.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A significant portion of these gains occurred on September 7th, coinciding with the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/bitcoin-ordinals-skyrocket-with-binance-listing-ordi-tokens\/\">coin\u2019s listing on Binance<\/a>, the leading cryptocurrency exchange. The listing catalyzed a flood of buying activity, evidenced by an extraordinary 82% intraday gain.\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">Amidst this bullish wave, the ORDI price breached the notable resistance level of $10.58, now potentially establishing it as a support base for future price action. Despite a slight intraday retreat of 3%, the price\u2019s ability to maintain above $10.58 could signal that the rounding bottom trajectory remains intact.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">By the press time, the ORDI is valued at $21.4 and appears to be progressing toward the pattern\u2019s median resistance at $29.5, suggesting a potential upside of 140%.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><strong>Health Retreatment Sets Higher Recovery Ahead<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">\u00a0It\u2019s important for traders to be mindful that after such dynamic rallies, a period of consolidation or pullback is typical. The vigorous ascent of ORDI could experience a brief correction phase, potentially retracing to support levels at $10.58 or even $9, which aligns with the 38.2% and 50% Fibonacci levels, respectively. Such a retracement could serve as a strategic juncture for the currency\u2019s continued upward trajectory.<\/span><\/p>\n<ul>\n<li><b>Average Directional Index: <\/b><span style=\"font-weight: 400;\">the ADX slope at 56% reflects a minor pullback that would soon be possible to replenish bullish momentum.<\/span><b>\u00a0<\/b><\/li>\n<li><b>Exponential Moving Average: <\/b><span style=\"font-weight: 400;\">A potential bullish crossover between the 50-and-100 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/exponential-moving-average-how-to-leverage-it-in-crypto-market\/\">EMA<\/a> slope should accelerate the buying momentum<\/span><\/li>\n<\/ul><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/ordinals-price-prediction-has-ordi-hit-overbought\/&#038;text=Ordinals Price Prediction: Has $ORDI Hit Overbought After 80% Surge or is it Just a Start?\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/ordinals-price-prediction-has-ordi-hit-overbought\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/ordinals-price-prediction-has-ordi-hit-overbought\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/ordinals-price-prediction-has-ordi-hit-overbought\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA163822\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD163822\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ordinals Price Prediction: Under the influence of a rounding bottom pattern the ORDI price is set for significant growth Published 10 mins ago Ordinals Price Prediction: Similar to many of its peers, Bitcoin Ordinals(ORDIs) experienced a robust recovery starting in late October. From a modest $3, the coin\u2019s value surged to a remarkable peak of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":189992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-189991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/189991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=189991"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/189991\/revisions"}],"predecessor-version":[{"id":189993,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/189991\/revisions\/189993"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/189992"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=189991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=189991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=189991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}