ORDI/USDT chart, it’s clear the market’s under some serious bearish pressure right now. The price just broke down from that ascending trendline, which was acting as strong support. This breakdown led to a sharp drop, and now we’re sitting right at a critical support level around 27.08. If the bulls don’t step in here, we could see a further drop to the next support at 24.94.
But here’s the thing—if this 27.08 level holds, we might get a decent bounce back up. The first target for any bounce would be around 30.82, where there’s resistance. However, given the overall bearish momentum, any upward move might be short-lived unless we see a strong push above that resistance level.
So, I’d say keep an eye on how the price reacts at this support zone. If it breaks below, it’s probably best to wait for a better setup. But if it holds, we might have a chance for a nice bounce trade. Stay sharp, bro!
