$ORDI

Based on the chart data provided, here’s an analysis for the ORDI/GBP market over the next 12 hours:

1. Current Trend:

The price has recently moved up significantly from a low of 29.083 to the current range around 35.877.

Both the short-term EMA (7) and medium-term EMA (25) are above the long-term EMA (99), indicating a bullish trend.

2. Support and Resistance Levels:

Support: The recent low near 34.788 could act as a support level.

Resistance: The high in the last 24 hours is 37.000, which may serve as resistance if the price continues to rise.

3. Volume and OBV (On-Balance Volume):

Volume shows a healthy interest, with the 24-hour volume reaching 250,792.5 ORDI.

OBV is trending upward, suggesting that buying interest may still be strong.

4. Indicators:

KDJ: The KDJ indicator shows a K value at 49.216, which is neutral. If it moves higher, it could signal further bullish momentum.

MACD and RSI: Not visible in detail here, but if these indicators also align with the upward trend, it could confirm the bullish sentiment.

5. Projected Movement:

If the price can hold above the short-term EMA, it may continue to test higher levels, potentially moving toward the resistance at 37.000.

However, a break below the recent support level near 34.788 could signal a short-term bearish move.

Summary: The chart suggests a bullish tendency, with potential to rise towards 37.000 if volume and momentum sustain. However, maintain caution if the price falls below the support around 34.788. Adjust your strategy based on observed volume and key levels as new information develops.