Posted 12/26/2023, 9:30:00 AM
ORDI Cryptocurrency Soars 2,200% Since October But Shows Signs of Slowing Momentum
- ORDI cryptocurrency reached new all-time high of $82.80 on December 7, up 2,200% since October 16
- Despite rapid price increase, technical indicators show signs of weakness (bearish divergence on RSI)
- Analysts predict ORDI price still has room to rise, with potential to reach $100
- Elliott Wave analysis suggests ORDI is in fifth and final wave up from October lows
- Support level around $33; a breakdown could trigger 50% price drop