$ORDI /USDT Analysis: Bullish Momentum Building #ORDI is trading at $25.24, reflecting a 5.56% gain in the past 24 hours, with a high of $25.53 and a low of $23.21. The price shows strong upward movement, supported by steady buying pressure and positive momentum.
Key Indicators:
RSI (6): 64.00 – Approaching overbought levels but still room for further upside.
MACD: Bullish with a widening gap, indicating increasing momentum.
Volume: Moderate but consistent, confirming buyer interest.
Key Levels to Watch:
Resistance: $25.53 – A breakout above this could target:
Target 1: $26.50
Target 2: $28.00
Support: $24.50 – Holding this level is crucial to sustain bullish momentum.
Trade Setup:
Entry Point: Around $25.20 for a breakout continuation.
Stop-Loss: Below $24.20 to minimize downside risk.
Market Insight:
ORDI's strong momentum suggests further gains if it clears the $25.53 resistance. However, traders should monitor volume and RSI closely as the price nears overbought levels. A consolidation around $25 could signal a healthy base for the next leg up.