$ORDI

In this updated ORDI/USDT 4-hour chart, the price has increased to 34.88, showing a strong upward movement with a 5.73% gain. The price is close to the daily high of 35.44, indicating a potential test of resistance near this level.

Indicators:

1. Moving Averages:

MA(7) (yellow line) is at 34.00, slightly below the current price, acting as a close support level that has supported this upward trend.

MA(25) (purple line) at 32.86 also offers additional support if a minor pullback occurs.

MA(99) (blue line) is at 35.30, near the current price level, acting as the primary resistance. A breakout above this could signal a continuation of the bullish trend.

2. MACD:

The MACD line remains above the signal line with a positive histogram, suggesting that the bullish momentum is continuing and may support further price increases if maintained.

3. Volume:

There’s a noticeable increase in volume, indicating strong buying pressure, essential for sustaining the upward movement.

4. RSI (14):

The RSI is at 60.48, slightly leaning towards overbought but still in a safe range. This suggests that there is still room for upward movement before potentially reaching overbought conditions.

Summary

The ORDI/USDT pair is currently in an upward trend, testing resistance at around 35.30. A successful breakout above this level, supported by volume, could lead to further gains. However, if it faces rejection at this resistance, a pullback could test support levels near MA(7) at 34.00 or MA(25) at 32.86.