Will The Declining Correlation Of BTC And ORDI Have A Negative
Ordinals has a market cap of $774 Million and is ranked 100th in the CMC. ORDI token price has observed a surge of 60% in the intraday session. It is trading near the value of $36.8 with a slight decline in the past 24 hours.
ORDI is currently forming strong bearish candles on the daily chart. It is trading below the 50 and 200 EMA with a negative crossover in the past. Meanwhile, the correlation of the BTC and ORDI has plunged to 0.8 from the highs of 0.97. The token price upside trend can see a halt near the value of $40. Meanwhile, the support price can be seen near $25.
The RSI of ORDI is at 41 with a strong negative slope. The overall sentiment of the RSI and MACD is bearish in nature.
ORDI is currently forming strong bearish candles on the daily chart. It is trading below the 50 and 200 EMA with a negative crossover in the past. Meanwhile, the correlation of the BTC and ORDI has plunged to 0.8 from the highs of 0.97. The token price upside trend can see a halt near the value of $40. Meanwhile, the support price can be seen near $25.
The RSI of ORDI is at 41 with a strong negative slope. The overall sentiment of the RSI and MACD is bearish in nature.