ORDI Technical Analysis in Daily Timeframe

7月7日Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:

ORDI/USDT is currently holding support at $25.7. The price is in a downtrend, falling almost 60% from its local high of $65.63.

If the price sustains the primary support levels, we can expect a rebound toward $50 soon. A breakdown below the primary support will likely test the lower support at $18.7.

Key Observations:

Primary Support: $25.7.
Lower Support: $18.7.
Resistance: $50.
RSI: Oversold.

DYOR, NFA.

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