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ORDI price is up 22% in the last 24 hours Trading at $32.45 As of 3:45 a.m. ET, trading volumes were up 211% to $309 million.
ORDI prices indicate a breakout above the descending triangle.
The ORDI/USDT chart is indicating a descending triangle pattern, a bearish continuation setup featuring a downward-sloping upper trendline and a flat support level around $32.
This pattern indicates that sellers were consistently pushing the price lower while buyers held support, resulting in decreased volatility as the price approached the top of the triangle.
ORDIUSDT Currency Pair Analysis Source: Tradingview
The presence of the 200-day simple moving average (SMA) above the current price further confirms the bearish sentiment, acting as an important resistance level. For an upside breakout to occur, the price would need to break above both the triangle resistance and the 200-day simple moving average, indicating a shift in market momentum.
The Relative Strength Index (RSI) is hovering near 49.75, indicating neutral momentum with no clear overbought or oversold conditions, suggesting the market could swing in either direction.
ORDI Price Prediction
ORDI price offers a potential breakout scenario, with a target price above $60 if the price manages to break above the triangle resistance line. Such a breakout, especially when accompanied by high volume, would signal a strong bullish reversal.
While there is potential for an upside move, traders should keep a close eye on volume and momentum indicators to confirm this. If the price fails to break the simple moving average and continues to respect it as resistance, it could lead to further downside pressure, reinforcing the bearish outlook suggested by the descending triangle pattern.
Last Call: Meme Games Pre-Sales Are Coming to an End – Buy Fast!
Meanwhile, as ORDI traders anticipate a price hike, investors are rushing to buy. Meme Games (MGMES)), which has raised over $409,000 as the pre-sale nears its end.
Popular crypto analyst and YouTuber Claybro, who has over 130,000 subscribers, describes the MGMES channel as a “little crypto gem.”
Meme Games brings the excitement of Olympic-style competition to the world of meme coins, as fan-favorite meme coins like Dogecoin, Pepe, Dogwifhat, Brett, and Turbo compete for gold.
By purchasing MGMES tokens, you can support one of these five meme characters in a virtual face-off and the winning meme is randomly selected through blockchain technology.
If your chosen meme wins, you’ll get a 25% bonus on your initial purchase!
No eyes? No problem. babyHe’s got the sixth sense to know where DOGE is hiding on the field. ⚽️ pic.twitter.com/fr8HvI0j21
— The Meme Games (@MemeGames2024) September 3, 2024
Investors can join as many times as they want by purchasing more MGMES tokens, with no minimum purchase required.
This flexibility means you can make multiple smaller purchases to increase your chances of winning and strategize your way to the top!
You can also stake your MGMES tokens for an impressive 471% annual return. So far, over 21 million MGMES tokens have been staked since the project went on presale.
Meme Games announced that the pre-sale will end on September 8 at 10 AM UTC.
Investors looking to purchase MGMES tokens can do so for $0.0094 using ETH, USDT, BNB, or a credit card. With the price rising in less than three days, buying now will help you secure the best deal.
Buy MGMES tokens here before the presale ends.
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