#ordi Market Analysis and Trend Outlook
Daily Line Pattern
Currently, #ordi has recorded a small bullish candle with a long lower shadow, with a trading volume of about 80% of the previous day. The price has returned above the daily level ascending trend line, indicating strong support.
Technical Indicators
Moving Average (MA30): Continues to maintain an upward trend, providing strong support for the price.
MACD: Located above the zero axis, the downward momentum is gradually weakening, and market sentiment is becoming positive.
Price Trend
#ordi quickly rebounded after retracing to MA30, re-entering the previous consolidation range. In the short term, it may maintain a consolidation adjustment trend, but if BTC remains strong, ORDI is expected to continue its upward attack.
Trend Outlook
Compared to #sats(SATS) , ORDI performs more robustly. If a clear bullish candle breakout occurs subsequently, MACD is expected to form a golden cross, further pushing the price upward.
Key Price Levels to Watch
Resistance Level: $42.5
Support Level: $36
Overall, ORDI's trend is positive, and in the short term, attention should be paid to the performance of key price levels, while closely following the market trends of #BTC☀ to formulate trading strategies.