#ORDI/USDT deep analysis

The chart shows a descending trendline that has been tested multiple times. The price is currently consolidating below this trendline, indicating bearish pressure. A break above the trendline would signal a potential bullish reversal, while rejection here might lead to a further downside.

2. Support Zones:

The first major support is at 24.20, which has been tested before and could act as a bounce zone if the price dips.

The next critical support is at 18.58, which would be a key area to watch if the price breaks below 24.20.

3. Resistance Zones:

65.67 is the first major resistance level, aligning with a previous high. This could be a target if the price breaks the trendline and starts moving upwards.

78.38 and 85.20 are the next levels to watch if the upward momentum continues after 65.67, but these seem further off based on current price action.

4. Price Action Summary:

Currently, ORDI is consolidating below the trendline. If it breaks above, it could trigger a bullish momentum toward higher levels. If rejected, we could see a test of the lower supports at 24.20 and 18.58. Keep an eye on volume and confirmation before entering a trade.