Research Note — $ORDI 30m Technical Outlook
#ORDI shows a bearish trend with indicators confirming downward momentum, despite a short-lived bullish RSI. Price remains below recent swing equilibrium, signaling weakness after failing to breach key resistance.
The immediate downside target lies near 3.980 support, with potential extension toward 3.881 if selling persists. Resistance is noted around 4.141, where a weak bullish retracement or bearish rejection could offer shorting opportunities. Should price break and sustain above 4.302, the bearish thesis would be negated, opening a path toward higher resistance near 4.487.
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