The chart has been bleeding for months, but look at that consolidation near the $2.17 level. We’ve been sideways for a while now and the price is starting to hug that local resistance around $2.70. Volume is still pretty dry, which is the only thing making me hesitant. If we can actually flip $2.70 into support, we might finally see a decent relief rally toward $3.30. Until then, it’s just a range-bound chop. I’m watching the 4h candles closely. A clean close above the recent highs could change the narrative fast.
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Is $ORDI #CryptoMarketBouncesBack finally waking up or is this just another trap?
The chart has been bleeding for months, but look at that consolidation near the $2.17 level. We’ve been sideways for a while now and the price is starting to hug that local resistance around $2.70.
Volume is still pretty dry, which is the only thing making me hesitant. If we can actually flip $2.70 into support, we might finally see a decent relief rally toward $3.30. Until then, it’s just a range-bound chop.
I’m watching the 4h candles closely. A clean close above the recent highs could change the narrative fast.