$ORDI

On the current ORDI/USDT 4-hour chart, the price has dropped to 34.71, down by 4.41%. This indicates a bearish shift as the asset shows signs of retracement after recent gains.

Indicators:

1. Moving Averages (MA):

MA(7) (yellow line) is at 35.13 and has been crossed downward, signaling a potential short-term bearish trend. If the price remains below this level, further downside movement might be expected.

MA(25) at 34.36 could serve as a nearby support level, potentially slowing down the decline.

MA(99) remains at 35.25, indicating that the broader trend may be tested if the price does not recover above this level.

2. MACD (Moving Average Convergence Divergence):

The MACD line is below the signal line, and the histogram shows negative bars, indicating a shift in momentum towards bearish conditions.

3. RSI (Relative Strength Index):

The RSI is at 51.55, which is neutral but trending downward. This suggests weakening momentum, though the market is not yet in an oversold condition.

4. Volume:

The recent volume shows moderate selling activity, which supports the downward price movement. However, a lack of significant volume could mean that this decline may stabilize soon.

Summary

ORDI/USDT currently shows a bearish trend on the 4-hour chart. The key levels to monitor are the 35.13 (MA(7)) as immediate resistance and 34.36 (MA(25)) as potential support. MACD and RSI both indicate a weakening bullish trend, so if support fails, further declines may occur.