$ORDI

Analysis of the Current ORDI/USDT 4-Hour Chart

The ORDI/USDT pair is currently trading at 33.32, showing a decline of 4.96%. This drop reinforces the recent bearish trend as the asset continues to lose ground after testing resistance levels.

Indicators:

1. Moving Averages (MA):

MA(7) (yellow line) is at 33.57, slightly above the current price, indicating immediate resistance. The fact that the price has dropped below this level suggests a continued bearish sentiment.

MA(25) at 34.57 is further above, acting as another resistance level.

MA(99) at 34.94 is also positioned above the current price, highlighting a strong downtrend as all short-term prices remain below these key averages.

2. MACD (Moving Average Convergence Divergence):

The MACD line is below the signal line, with negative histogram bars that continue to grow. This indicates strengthening bearish momentum, reinforcing the current downtrend.

3. RSI (Relative Strength Index):

The RSI is at 42.54, moving towards the oversold region. While it’s not yet in the oversold zone, it is approaching it, suggesting the potential for a further decline or a possible reversal if it hits oversold levels.

4. Volume:

The volume shows moderate activity, which supports the downward movement, though the absence of significant volume spikes suggests a steady decline rather than a panic sell-off.

Summary

ORDI/USDT is currently in a clear bearish trend on the 4-hour chart, with immediate resistance around 33.57 (MA(7)) and stronger resistance levels at 34.57 (MA(25)) and 34.94 (MA(99)). Both the MACD and RSI indicators confirm weakening momentum, and with RSI nearing oversold levels, a potential for short-term consolidation or minor rebound exists. However, the trend remains negative unless there is a significant shift in volume or a clear support level is established.