🔍 Technical Analysis: ORDI/USDT - Price Action & Targets 🎯
🚀 Current Price: $44.53 (+13.08% in the last 24 hours)
📈 24h High: $47.66 | 24h Low: $39.05
ORDI/USDT is currently experiencing a strong uptrend, with a notable price increase of 13.08% over the past 24 hours. Let's break down the key levels and potential targets for the upcoming session.
Key Support & Resistance Levels:
Support Levels:
$41.11: The SAR (Stop and Reverse) indicator suggests this level as a potential trend reversal point. Watch for price action here, as a break below could signal further downside.
$40.45: A solid support zone, where buying interest could emerge to hold prices higher.
Resistance Levels:
$47.66: The recent 24-hour high, which will likely act as a major resistance. A break above could trigger further upward momentum.
$48.17: A slightly higher resistance level observed in the order book, marking a key area for price rejection.
Price Targets 🎯:
1. Target 1: $47.66 (Resistance Zone)
This level represents the recent high and will be a key challenge for bulls. A break above this point could signal a continuation of the uptrend towards higher levels.
2. Target 2: $48.50 (Extended Resistance)
If bullish momentum holds, the next significant resistance could be around $48.50. Watch for strong buying volume to drive the price toward this level.
3. Target 3: $50.00 (Psychological Resistance)
As ORDI approaches the $50 mark, this will be a major psychological resistance. If the momentum continues, $50.00 is the next milestone for traders to watch.
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