$ORDI Will hitt 46$ tonight:

Predicting whether ORDI will hit $46 tonight depends on several factors, including current momentum, volume, and market sentiment. Let’s break it down based on the chart:

Factors to Consider:

1. Resistance Levels:

The current 24-hour high is $40.32, so breaking this level is the first challenge.

Strong resistance could be around $42.30 (previous high shown on the chart) before approaching $46.

2. Momentum Indicators:

RSI (56.27) is neutral, suggesting some room for upward movement but not yet overbought.

Stochastic RSI is near overbought territory (70.62), indicating a possible short-term cooldown before further moves upward.

3. Moving Averages:

EMA(99) is at $39.24, currently acting as resistance. A sustained breakout above this level is essential to start a bullish run.

Short-term EMAs (7 and 25) are close to the price, showing consolidation, but a breakout could quickly gain traction.

4. Volume:

The 24-hour volume on ORDI (1.47M tokens traded) indicates moderate interest, but a significant volume spike is required for a rally to $46.

5. Market Sentiment:

Crypto markets are highly reactive to news, sentiment, and Bitcoin's price action. If BTC or the broader market is bullish, ORDI could follow.

Scenarios for Hitting $46:

1. Bullish Case:

If ORDI breaks $40.32 and gains momentum with strong buying volume, it can aim for $42.30 and potentially $46.

Look for a sharp increase in volume and a strong 1-hour or 4-hour green candle for confirmation.

2. Bearish or Neutral Case:

If ORDI fails to break $40.32 or drops below $38, it could enter a consolidation or pullback phase, making $46 unlikely tonight.

Probability:

Based on the chart, hitting $46 tonight would require a 10-15% price increase. This is possible in crypto markets but would depend on strong bullish momentum and market conditions.

Monitor key levels at $40.32 and $42.30 to gauge the likelihood of further upward movement.