Trump Announces Blockade of Strait of Hormuz Amid Iran Tensions
- Blockade Announcement: On April 12, 2026, Trump announced that the U.S. Navy would blockade the Strait of Hormuz after negotiations with Iran collapsed, which is expected to significantly impact global oil supply.
- Oil Price Surge: Following the blockade announcement, U.S. crude prices jumped 8% to $104.24 per barrel, reflecting heightened market concern over supply disruption risks that could lead to rising inflation expectations.
- Bitcoin Market Reaction: Bitcoin fell 3.1% over 24 hours to $70,765, with the Fear & Greed Index dropping to 16, indicating a defensive positioning among crypto market participants amid the heightened risk environment.
- Future Market Watch: The blockade is set to begin Monday at 10 a.m. EDT, and traders should monitor for further crude price movements and whether Bitcoin's correlation with macro risk assets tightens, as geopolitical tensions could influence market risk appetite.
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Technical Analysis for ORDER
Technical Sentiment Analysis for Orderly Network (ORDER). As of , Orderly Network (ORDER) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 5 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ORDER stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ORDER is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Orderly Network (ORDER) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0345 | 0.0442 | 0.0527 | 0.0623 | 0.0708 | 0.0804 | 0.0889 |
| Fibonacci | 0.0442 | 0.0511 | 0.0554 | 0.0623 | 0.0692 | 0.0735 | 0.0804 |
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