MAROKO133 Update crypto: ORDI Surges 200% Amid Altcoin Rally, Prints God Candle Terbaru 20

📌 MAROKO133 Hot crypto: ORDI Surges 200% Amid Altcoin Rally, Prints God Candle Ter

Ordinals (ORDI) posted a 94% single-day gain on April 16, pushing directly into its first major Fibonacci resistance zone. The move follows months of base-building and a falling wedge breakout visible across multiple timeframes.

A massive volume surge accompanied the advance, driving price from the $2.00 range to above $6.60. ORDI is now testing the 0.382 Fibonacci retracement at $6.488 after opening the session at $3.444.

Volume Explosion Drives ORDI Into Fibonacci Resistance

The daily chart shows a prolonged downtrend that stretches back to the all-time high. A Fibonacci retracement runs from the May 14, 2025 high of $13.61 to the March 29 low of $2.085. That grid maps the key recovery levels ahead.

ORDI spent months building a base below the 0.236 level at $4.805. A green accumulation zone formed between $3.60 and $4.00 from late 2025 through early 2026, with a series of higher highs and higher lows developing inside that range.

Today’s candle drove price through that zone and into the 0.382 resistance band at $6.488. A volume spike dwarfing recent activity fueled the move, with the daily bar reaching a high of $7.500 before pulling back toward $6.696.

The daily RSI is printing approximately 89, its highest reading in months. That level sits deep in overbought territory. A daily close above $6.488 would confirm the level as broken and redirect focus to higher targets. A rejection here could send ORDI back toward the $4.805 support.

One-Hour Chart Confirms Trend With No Bearish Divergence

The overbought daily RSI introduces caution. The one-hour chart, however, offers a contrasting read on near-term momentum.

From April 13, ORDI tracked a black exponential growth curve, with each candle printing new highs at an accelerating pace. Price accelerated sharply on April 16, lifting from roughly $2.50 to a high of $6.896 in a matter of hours.

Neither the RSI nor the MACD on the one-hour timeframe shows any bearish divergence. Both indicators are rising alongside price, not lagging behind it. That distinction matters in strong trend environments, where ORDI has historically maintained momentum longer than overbought readings alone would suggest.

Price is currently consolidating inside the red resistance box between $6.50 and $7.00. A sustained break above that zone opens immediate targets at $8.00 and above $9.00. Should buyers lose control at current levels, the first meaningful support sits at the green zone between $3.60 and $4.00, with an intermediate buffer near $4.805.

ORDI Price Targets $11.40 as Falling Wedge Signals Extended Rally

The three-day chart published by analyst @CryptoCove adds a longer-term structural argument to the Ordinals breakout thesis. A falling wedge pattern, visible since mid-2024, is now breaking out with force.

The analyst projects a 335.65% move from the breakout point, with a target of $11.409. That figure sits near the 0.786 Fibonacci retracement at $11.144 identified on the daily chart. Both signals converge around $11.40, strengthening the case for that target.

Three resistance zones stand between current price and $11.40. The 0.5 Fibonacci level at $7.847 is the first test. The golden pocket at 0.618, near $9.207, follows. The 0.786 retracement at $11.144 is the final structural hurdle before new highs become possible.

A failure to hold above $6.488 would delay the setup and put the green support zone back in play. But the volume behind today’s move and the aligned signals across three timeframes suggest that any dip toward support may attract fresh buyers.

The post ORDI Surges 200% Amid Altcoin Rally, Prints God Candle appeared first on BeInCrypto.

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📌 MAROKO133 Hot crypto: CFTC Chair Selig Vows To Stop Prediction Market Fraud Terb

Commodity Futures Trading Commission (CFTC) Chairman Michael Selig told House lawmakers the agency will pursue anyone committing fraud or insider trading in prediction markets with “the full force of the law.”

Selig appeared before the House Agriculture Committee on Thursday as the agency faces mounting pressure over fast-growing event contract platforms and suspicious trades tied to political announcements.

Prediction Markets Under the CFTC Microscope

Selig told the committee that the Commodity Exchange Act grants the CFTC “very broad, exclusive jurisdiction” over commodity derivatives.

The chairman said he inherited a wave of self-certified event contracts from the prior administration, when “the floodgates really opened.”

The agency has since issued an advance notice of proposed rulemaking to set clearer standards for prediction market contracts.

Selig described a multi-layered oversight system. Designated contract markets serve as self-regulatory organizations and act as the first line of defense.

The CFTC reviews every contract self-certification and retains authority to reject listings. The agency also sued multiple states that attempted to apply gambling laws to licensed prediction market operators.

Lawmakers Press on $500 Million Oil Trades

Rep. McGovern raised a specific incident from March 23, when someone placed roughly $500 million in oil and equities futures trades minutes before President Trump posted about ceasefire talks on Truth Social.

The trades bet oil prices would drop and equities would rally.

“We have a zero tolerance policy when it comes to fraud, abuse of trading practices and manipulation, and anyone who engages in that behavior will face the full force of the law,” said Selig, chair of the CFTC.

Selig declined to confirm or deny any active investigation, stating that doing so would hinder enforcement efforts.

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CFTC-SEC Crypto Push and Solo Rulemaking

Beyond enforcement, Selig highlighted the agency’s role in shaping crypto policy. The CFTC and SEC signed a Memorandum of Understanding in March to coordinate on digital asset oversight, stablecoins, and tokenized collateral.

Selig said the two agencies had “failed to work well together” for too long and that the MOU would establish open communication on surveillance and policymaking.

Ranking Member Craig pressed Selig on whether he would pause rulemaking while serving as the CFTC’s only sitting commissioner. Selig refused.

He told the committee that investor protections and market safeguards could not wait for additional nominees.

The coming weeks may reveal whether that stance draws further congressional pushback or accelerates the prediction market framework the industry has been waiting for.

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