Is It Too Late to Buy ORDI? ORDI Price Boosts 32% as the Latest Meme Coin Approaches Exchange Listing

Sam Cooling
Last updated: | 3 min read

The first ever BRC-20 token Ordinals (ORDI) has exploded +32% in a dramatic push out of consolidation, but with retracement threatening structure – is it too late to buy ORDI?

This comes amid a wider rally for BRC-20 tokens, following a wave of Binance listings that have triggered upside momentum.

ORDI Price Analysis: Is ORDI Set To Skyrocket Following +32% Bounce From Consolidation?

Amid a retracement of the big pump, ORDI is currently trading at a market price of $53.85 (representing a 24-hour change of -16.41%).

The substantial move yesterday was fuelled by an influx of trading volume following the Binance listing, but was super charged by the break-out of a 7-day consolidation around $52.

Yet, a stiff ceiling of resistance around $65 appears to have once again rejected a breakout move, potentially spelling disaster on the short-time frame as ORDI enters potential decline.

However, a glimmer of hope emerges from the 20DMA which remains around $41.44, providing a layer of support -22% below ORDI price.

Further concern is found in the RSI, which remains significantly overheated at 62.20, suggesting retracement is needed.

But this contrasts with the MACD, which reflects yesterday’s upside momentum at 0.876.

Overall, ORDI looks weak here, with a double top structure threatening further downside, and a negative signal on the RSI.

To the upside, ORDI remains targeting the ATH at $69.9 (a potential +29.24%).

While downside risk for ORDI remains at the 20DMA around $41.44 (a possible -23.38%).

This leaves ORDI with an ongoing risk: reward offering of 1.25 – a reasonable but unappealing entry, and certainly not too late to buy ahead of next year’s Bitcoin halving event.

But while ORDI is in retracement, an explosive meme coin presale could present quicker returns.

Meme Kombat On Verge of $3.4M Raise In Skyrocketing Presale – Don’t Miss The Next ORDI

Meet Meme Kombat, a trailblazing initiative that has seamlessly blended the memetic love of nostalgic gaming, and GambleFi, into a decentralized Web3 platform.

So, what makes Meme Kombat tick, and why should potential investors keep a keen eye on this presale?

The essence of Meme Kombat lies in its captivating arena where characters aiming to tap into deeply tribal crypto communities lock horns.

Players have the liberty to place their bets on these animated battles, predicting the outcomes and possibly reaping attractive rewards.

With a sturdy promise of Season 1 showcasing 11 distinct meme characters, there’s no shortage of action, and Season 2 is already on the horizon for December 2023.

The decentralized nature of the project, combined with the thrill of AI-driven battles, ensures that the outcomes are both transparent and unpredictable – every battle is a new experience, ensuring players stay engaged.

Meme Kombat Pits Leading Crypto Meme Communities in High Octane Staking Battles

The project isn’t just about excitement; it’s built on a foundation of trust – Meme Kombat’s commitment to transparency is evident through initiatives like the impending security audit of their smart contract.

The findings of this audit will soon be public, a move that many projects shy away from.

The founder and project lead, Matt Whiteman, isn’t an unknown entity in the crypto space.

His experience spanning two decades in process design, combined with his position as the COO of North Technologies, adds credibility to Meme Kombat.

When so many projects hide behind the veil of anonymity, Whiteman’s open profile and the project’s physical address in Amsterdam offer an extra layer of trustworthiness.

The tokenomics of Meme Kombat is also an appealing factor for potential investors – Stake the Meme Kombat ($MK) token, priced attractively at $0.246, and dive into a rewarding ecosystem.

With a generous APY of 112%, stakers not only benefit from passive income but can also use their staked tokens to place bets in the arena – this dual functionality – earning while gaming – sets Meme Kombat apart.

Intriguingly, engagement on the platform directly influences the income one can earn, so, the more you participate, the more you stand to gain.

With the GambleFi industry booming following coins like Rollbit, Meme Kombat seems poised to tap into this lucrative market with its innovative approach.

By merging memes, gaming, and blockchain, the platform is presenting something fresh to the crypto community.

For those looking to diversify their portfolio with a unique offering, Meme Kombat seems like an opportunity too good to miss – so, don’t be left behind (stay tuned with the MK Telegram).

Embrace the future of meme-based gaming and betting with Meme Kombat.

Buy Meme Kombat Here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.