ORDI/USDT Above 200 MA: Can Bulls Maintain Control?
$ORDI

ORDI/USDT is witnessing a resurgence in bullish activity, currently trading around $37.11, facing resistance. The price has risen past the 200-period Moving Average (MA), indicating a potential change in trend from bearish to bullish. This breakout could signal a positive momentum shift.

The Relative Strength Index (RSI) is at 69, indicating an overbought condition, which suggests that the current rally may face resistance soon. However, this high RSI also points to strong buying interest.

The Moving Average Convergence Divergence (MACD) shows green momentum bars, signaling ongoing bullish strength. Volume analysis, however, remains moderate, meaning a lack of strong commitment from buyers. A breakout above $40 with substantial volume could further strengthen the bullish scenario.

If ORDI fails to maintain its upward push, support at $30 may become the next area to test.

Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. All investment decisions are solely your responsibility.

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