$ORDI

The updated ORDI/USDT chart shows the price reaching 34.03, with a 4.97% increase, close to its 24-hour high of 34.49. This suggests an ongoing bullish sentiment as the price tests resistance at 34.54, a significant level noted in earlier analyses.

Indicators:

1. Moving Averages:

MA(7) (yellow line) is at 33.45, just below the current price, acting as immediate support for this uptrend.

MA(25) (purple line) at 32.93 provides another layer of support.

MA(99) remains at 35.36, still a higher level of resistance, indicating that the longer-term trend might still have downward pressure until this is overcome.

2. MACD:

The MACD line is above the signal line, with the histogram displaying positive green bars, signaling strengthening bullish momentum. This crossover usually suggests a continuation of upward momentum if volume and other conditions align.

3. Volume:

A spike in volume accompanies this upward movement, indicating strong buying interest, which is essential for a potential breakout beyond 34.54.

4. RSI (14):

The RSI is at 56.62, still in a neutral-to-bullish zone, indicating there is room for further upward movement before reaching overbought conditions.

Summary

The price action currently tests resistance at 34.54. If ORDI can break and hold above this level with continued volume support, it may target the next resistance at 35.36 (MA(99)). However, if the price fails to maintain momentum above 34.54, a pullback could test support levels around the MA(7) at 33.45 or MA(25) at 32.93.