ORDI surges 26% in 24 hours, but overbought RSI risk has already appeared

ORDI experienced a significant increase in the past 24 hours, rebounding from a low of $4.22 to a high of $5.77, and finally closing at $5.37, a rise of 26.10%. Behind this strong upward movement are surging trading volumes and a noticeable warming of market sentiment, but technical indicators also flashed overbought signals.

Price and Volume Double Confirmation

According to the latest data, ORDI’s rally is not an isolated technical rebound but accompanied by actual capital inflows and a revaluation of price. The specifics are as follows:

The surge in trading volume is particularly noteworthy. The 419% MoM growth indicates this is not just retail investors’ sporadic buying but an overall increase in market participation. This often signals the arrival of a new wave of attention.

Multi-Timeframe Growth Comparison

ORDI’s strength is not limited to 24 hours; broader timeframes also show an upward trend:

• 1 hour: down 1.19% (short-term correction)
• 24 hours: up 26.10% (main rally)
• 7 days: up 15.28% (steady weekly)
• 30 days: up 22.57% (positive monthly)

This multi-timeframe upward pattern suggests ORDI may be in a relatively sustained upward cycle rather than a short-term rebound.

Overbought Warning from Technical Indicators

However, technical indicators are ringing alarm bells. According to the latest technical analysis data:

• RSI 6-hour: 84.71 (severely overbought)
• RSI 12-hour: 82.10 (severely overbought)
• RSI 24-hour: 76.72 (overbought)
• EMA alignment: 7-day, 25-day, 99-day are in bullish order, confirming an uptrend
• MACD: showing strong positive and accelerating momentum

A common contradiction appears here: trend indicators (EMA, MACD) show a strong upward trend, but overbought indicators (RSI) have reached dangerous levels. This means that although the upward trend is real, the price has extended excessively in the short term, risking a correction or pullback.

Market Sentiment and Inscription Track Background

As the token of the Ordinals BRC20 platform, ORDI has become an important representative of the inscription track since its launch in May 2023. Currently ranked 261st by market cap, with a total supply of 21 million tokens all in circulation.

The recent surge is closely related to the increased enthusiasm in the inscription track. Market discussions indicate that inscription-related tokens (including ORDI, SATS, etc.) have gained new attention amid the recent strength of Bitcoin. Meanwhile, market expectations for ORDI’s future breakthroughs are also pushing prices higher.

Points of Caution

While the gains are exciting, investors should pay attention to the following:

• The high RSI overbought condition may not last, with significant short-term correction pressure
• Price has extended excessively in the short term, risking technical pullback
• Although trading volume surged, it remains to be seen whether it can sustain high levels
• The rise driven purely by sentiment may face rapid cooling risks

Summary

ORDI’s 26% increase in 24 hours indeed reflects ongoing market interest in the inscription track. The surge in volume and market cap also confirms actual capital inflows. However, from a technical perspective, the RSI overbought condition is undeniable, warning investors to evaluate the subsequent trend more cautiously. In the short term, there may be correction pressure, and whether the medium-term upward trend can be maintained depends on whether the price can find new buying support at key support levels.