On October 17, 2025,
ORDI has exhibited notable short-term price swings, a trait often seen in lower market cap cryptocurrencies. The more than 160% gain within a day came after an extended correction phase that had persisted for several weeks. Although there was no official news or event on October 17, this price rally fits a familiar pattern of sudden market enthusiasm, typically triggered by speculative trading or increased on-chain activity. The lack of a clear catalyst points to the possibility that algorithmic trading or coordinated buying by certain market players may have driven the surge.
The price pattern of ORDI mirrors a broader phenomenon among assets with limited liquidity and heightened sensitivity to trading activity. The identical 18.99% declines across the 7-day, 30-day, and 12-month periods suggest a steady decrease in value, potentially indicating underlying structural challenges or ongoing bearish sentiment. However, the dramatic 24-hour rebound disrupts the narrative of persistent weakness, raising questions about whether this marks the beginning of a trend reversal or is merely a short-lived fluctuation.
The stark contrast between ORDI’s daily jump and its longer-term averages emphasizes the importance of further technical analysis. Both traders and analysts are now focusing more closely on the token’s volatility, especially in light of its extraordinary one-day leap. Despite a generally cautious market outlook, this unexpected price movement has reignited discussions about the asset’s prospects for a near-term recovery.
Backtesting Approach
A suggested backtesting method aims to assess how traders could have managed ORDI’s volatility using a systematic framework. This strategy involves pinpointing every day since 2022 when ORDI’s price rose by at least 5%, then using this information to model hypothetical trading results. To proceed, it’s essential to determine the exact trading symbol and preferred exchange—such as ORDI-USDT, ORDI-USD, or other exchange-specific identifiers—to ensure precise data collection and analysis. Once the appropriate ticker is selected, a comprehensive event-driven backtest can be performed, monitoring each day with a gain of 5% or more and evaluating possible buy and sell opportunities. This process may help determine if the recent 163% surge is an isolated event or part of a recurring trend.