Cryptocurrency token ORDI, closely linked to the Bitcoin Ordinals protocol, has recorded a double-digit price rally over the last 24 hours, according to
eadings from its key momentum indicators revealed that market participants favoured token sell-offs over accumulation. For example, its Relative Strength Index had a reading of 37.46 while its Money Flow Index had one of 44.36. Furthermore, the token’s Elder-Ray Index, which measures its bull/bear power, revealed that bearish sentiment was significant. The indicator has returned only negative values since 12 April. When this indicator trends in this manner, it suggests that the market is on a downtrend, and there is a possibility that the decline will continue.
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