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- 1 The ORDI Coin is getting ready for a bigger jump, as it gained power, broke the resistance level on the chart, and reached new heights.
- 2 This crypto asset is showing buying pressure and growing potential as it stays above major EMA’s.
The ORDI coin is a cryptocurrency that works on the Bitcoin blockchain. It is a special way of using the Bitcoin system, taking advantage of its features for different uses.
The ORDI Token works on the Bitcoin blockchain, using its tiniest unit of value, SATs (Satoshis).
The token can add different kinds of extra data, such as words or pictures. That is done without needing smart contracts, which is very different from how most blockchain tokens work.
The BRC-20 Token Standard is a set of rules and guidelines for making tokens on the Bitcoin blockchain. It tells how those tokens should behave to work well with the Bitcoin system.
The ORDI Token is not related to the Ordinals Protocol. They both work on the Bitcoin blockchain and use SATs, but have different goals and methods.
The Ordinals Protocol lets you put extra data into Bitcoin’s SATs without using smart contracts, while the ORDI coin is a type of digital money on the Bitcoin network, following the BRC-20 Token Standard.
Can the Ordinals Coin Price Surpass the Immediate Hurdle?
The ORDI crypto is getting ready for a bigger jump, as it gained power, broke the resistance level on the chart, and reached new heights from the current demand zone.
The Ordinals crypto asset is showing positive signs and can increase its profits. It has performed well in the past week and month, by 21.57% and 180.43% respectively, indicating a steady upward trend.
The Ordinals crypto asset is showing buying pressure and growing potential as it stays above major EMA’s. It is showing a fall of 3.52% in the last 24 hours, trading at $62.084.
Therefore, if the interest for the ORDI Token stays high, this coin’s price could go up from the current level. The next target for the price is to reach $72. However, if the price drops below the $50 level, it may fall further.
Summary
Ordinals is a digital asset on the Bitcoin blockchain that can create NFTs and other crypto assets. The Ordinals crypto asset is showing buying pressure and growing potential as it stays above major EMAs.
Moreover, Ordinals has gained 21.57% in a week and 180.43% in a month. This coin has a strong demand and growth potential. If the interest for ORDI Token remains high, the price could reach $72.
Technical Levels
Support Levels: $50
Resistance Levels: $72
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
