ORDI analysis: The price has broken the long uptrend channel | Crypto VIP Signal

ORDI analysis:

The price has broken the long uptrend channel, and it remains to be seen whether this is a fakeout or not. It would be prudent to wait for a candle close for confirmation. If the price is unable to close above the trendline, then we can expect a move towards the major support area. This zone presents an opportunity for new entries.

Major Support Area: $40.80-$44.50

Resistance Area: $62.5-$65