📉 Brief Technical Analysis – ORDI/USDT$ORDI

Current Price: 8.552 USDT

Time Frame Used: 4 Hours

✅ Support and Resistance:

Strong Support: 7.80 – Previous Retracement Level

Secondary Support: 8.00 – Psychological Support and Close to the Short Moving Average

First Resistance: 9.00 – Psychological Barrier

Strong Resistance: 9.70 – Previous Local Peak

📊 Technical Indicators:

RSI (Momentum Strength): 48 – Neutral with a Downward Bias

MACD: Negative Crossover, Indicating a Potential Correction

Averages: Price Below 50 and 200 Averages, Indicating a Weak Medium-Term Trend

🔍 Current Trend:

Short-Term: Downward Correction After Failing to Break 9.7

Scalping Buy Opportunity: Upon Testing 8.00 or False Break Towards 7.80 with Rebound Signals

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📌 Summary:

The ORDI coin is undergoing a technical correction with moderate selling pressure. If it holds the 8.00 level, it may return to test 9.00 again. However, breaking 7.80 will increase the likelihood of a decline towards 7.20.