$ORDI /USDT Analysis
Ordi ($ORDI/USDT) is currently testing a significant resistance level at $36.88 after a strong upward push. The price action around this level will be crucial in determining the next move for ORDI.
Key Levels to Watch:
Resistance: $36.88Support: $35.03
Breakout Possibilities:
Bullish Breakout:
If ORDI breaks above the $36.88 resistance level with strong buying momentum, it could pave the way for a continued rally. The next potential targets could be in the $38 - $40 range, driven by bullish sentiment.
Bearish Rejection:
Should ORDI fail to break above $36.88 and face rejection, a pullback towards the $35.03 support level is likely. A break below this support could lead to a deeper correction, potentially testing lower support levels around $33.
Market Sentiment:
Monitor trading volume and overall market sentiment closely. A breakout with significant volume could confirm a bullish continuation, while a rejection might signal a consolidation or retracement.
Ordi's price action at this critical resistance level will be key to its short-term direction. Stay prepared for both a potential breakout or a pullback. š #ordiāāā #BinanceLaunchpoolDOGS #CryptoMarketMoves #BinanceBlockchainWeek #SahmRule
