Current price: $9.847 (+1.74% change over 24 hours)
24-hour trading range: 9.530 - 10.065
Recent trend: Recovery from recent declines, but still facing strong resistance.
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2. Moving averages (trend)
Exponential Moving Average (7): 9.558
Exponential Moving Average (25): 9.540
Exponential Moving Average (99): 9.513
💡 Price is above all exponential moving averages → Bullish structure. Short-term bullish trend remains as long as it stays above 9.54.
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3. Average Convergence Divergence (MACD) (Momentum)
DIF: 0.029
DEA: 0.074
MACD Histogram: -0.045
⚠ Histogram is negative - indicating that despite the price rise, momentum is slightly easing. This often occurs before a slight pullback or sideways consolidation.
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4. Relative Strength Index
Relative Strength Index ≈ 55-60 → Upward bias, but not in overbought territory, indicating room for upward movement.
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5. Trading volume
24-hour trading volume: 27.4K ORDI (approximately $270,000)
Trading volume is below ideal for breaking resistance level - requires breaking ORDI level at around 50K to breach strong resistance levels.
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6. Support and resistance
Support: 9.54 → 9.20
Main support: 8.89
Resistance: 10.05 → 10.48
Main resistance: 11.20 → 12.09 (Strong supply area)
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7. Forecast
Bullish scenario: If the price holds above 9.54 and breaks the 10.05 level with strong trading volume, we may see a rise to 10.48 and possibly 11.20.
Bearish scenario: Closing below 9.20 may lead to a retest of 8.89 level.
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With the MACD indicator for ORDI slowing down, and EMA indicators continuing to rise, the market may be on the verge of entering a short consolidation phase before a new rise or breaking the 10.05 level.
