Price Analysis View Non-AMP

Breakout Run In ORDI Price Teases A Hit To $100

Published by
Sohrab Khawas

With Bitcoin sustaining above the $71,000 level, the broader market sentiment is improving at a rapid rate. Amidst this recovery, the ORDI token takes a price jump with the additional momentum. 

With close links to the Bitcoin network, will the ORDI token reach the mark of $100 market valution? Find out more in our ORDI price prediction.

Bullish Extension For ORDI

Following the trend contraction for weeks, the ORDI price takes a bullish leap with multiple breakouts and a sharp rise in momentum. With a market cap of $1.328 Billion, the ORDI token has shown a 64% rise in the last 30 days. Further, with a bullish revival in June, the breakout rally in the ORDI token accounts for 35%. Further, this leads to a streak of six bullish candles in the 1D chart.

In the 1D chart, the triangle breakout rally crosses above the primary resistance trendline. This signals a trend reversal in the ORDI price trend and teases a potential jump to a new all-time high near $100.

Currently, the ORDI price trades at $63.50 with an intraday growth of 9.86%, leading to a massive bullish engulfing candle. With a boom in trading volume, the uptrend challenges the $65 mark for a bullish extension.

Technical indicators

RSI Indicator: The daily RSI line shows a positive trend entering the overbought zone, reflecting a huge underlying demand. 

Will ORDI Price Hit $100?

With the bull market starting to boost multiple altcoins, the rising BTC price brings a direct boost to the ORDI price trend. As per the Fibonacci levels, the bull run challenges the 23.60% Fibonacci level at $64.5 with the bullish engulfing candle. 

A bullish breakout of the $65 mark could extend the upside trend to surpass the all-time high at $96.53 to top $100. Optimistically, a surge in Bitcoin could propel the ORDI token market value higher to $120.

Also Read : Is SUI Price About To Skyrocket? SUI Token Prediction

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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