$ORDI

On the current ORDI/USDT 4-hour chart, the price has dropped to £34.71, down by 4.41%. This indicates a bearish shift as the asset shows signs of retracement after recent gains.

Indicators:

1. Moving Averages (MA):

MA(7) (yellow line) is at £35.13 and has been crossed downward, signaling a potential short-term bearish trend. If the price remains below this level, further downside movement might be expected.

MA(25) at £34.36 could serve as a nearby support level, potentially slowing down the decline.

MA(99) remains at £35.25, indicating that the broader trend may be tested if the price does not recover above this level.

2. MACD (Moving Average Convergence Divergence):

The MACD line is below the signal line, and the histogram shows negative bars, indicating a shift in momentum towards bearish conditions.

3. RSI (Relative Strength Index):

The RSI is at 51.55, which is neutral but trending downward. This suggests weakening momentum, though the market is not yet in an oversold condition.

4. Volume:

The recent volume shows moderate selling activity, which supports the downward price movement. However, a lack of significant volume could mean that this decline may stabilize soon.

Summary

ORDI/USDT currently shows a bearish trend on the 4-hour chart. The key levels to monitor are the £35.13 (MA(7)) as immediate resistance and £34.36 (MA(25)) as potential support. MACD and RSI both indicate a weakening bullish trend, so if support fails, further declines may occur.