ORDI spot has recently attracted attention during the recent decline. As of mid-December, the price of this BRC-20 asset has fallen to $3.97, dropping from $4.57 within just 24 hours, showing clear bearish signals from a technical perspective.

From an indicator standpoint, the situation is indeed a bit tense. The 6-period RSI(25.17) and the 12-period RSI(26.84) have both entered oversold territory, which usually indicates a potential short-term rebound opportunity. However, at the same time, the 7-period EMA has fallen below the 25-period and 99-period moving averages, forming a typical bearish alignment, suggesting that the downtrend is still ongoing. The MACD also looks pessimistic—the histogram shows negative values and has widened, with momentum indicators clearly pointing downward.

Nevertheless, there are some positive signals worth noting in the market. Multiple community analyses suggest that ORDI is approaching a key support zone, indicating a possible technical rebound with a target price around $5.75. More importantly, the second phase upgrade of the BRC-20 protocol is expected to be officially launched on January 28, 2026. This upgrade will introduce programmable features to ORDI, which is a positive development for its long-term application prospects.

However, market sentiment remains somewhat divided. Some people are optimistic upon seeing oversold signals, expecting a rebound. But others point out signs of distribution, worrying about further downside risks. This divergence in views precisely reflects the current stage of ORDI in the market—an unclear trend that requires further confirmation signals.