📊 Technical Analysis – ORDI/USDT (1h)
Current Price: $4.62
24h Variation: +3.84%
24h High/Low: $5.081 / $4.052
📈 Market Context:
ORDI showed strong recovery after hitting the low of $4.052, reaching $5.081 before retreating to the current region of $4.62. This movement suggests strong buying pressure, followed by profit-taking.
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📉 Moving Averages:
• MA7: $4.62 (price exactly on the short average)
• MA25: $4.33
• MA99: $4.39
The asset is above the three main averages, which technically signals a positive reversal in the short term. The MA7 may act as immediate support, while the region of $5.08 marks resistance.
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📊 Technical Indicators (RSI):
• RSI(6): 60.73
• RSI(12): 60.57
• RSI(24): 57.13
The RSIs are in a neutral-high zone, close to overbought, which indicates buying strength but also the possibility of correction or consolidation.
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📌 Conclusion:
ORDI shows solid recovery, with technical support at the moving averages. The strong rejection at $5.08 suggests there is resistance in this zone. If the price remains above $4.60 with good volume, there is a chance to retest the recent top. Attention to volume and RSI approaching overbought.
