ORDI Price Prediction, Is Rally Stepping Back or Setting Up for a Leap
- BRC-20 tokens draw notable market interest as leading coins experience substantial uptrends.
- ORDI token achieves a record peak due to escalating demand for Bitcoin Ordinals, reaching $82.80—an impressive 2,810% increase from its 2023 low.
- Ordi's price skyrockets by 240% since December 1st, marking a significant uptrend and establishing a new all-time high.
ORDI has increased by 2920% since trading began!
According to Coingabbar Price Analysis, Ordi initiates an upward move on November 1st.
Recent days reveal a robust recovery as ORDI surpasses the pivotal $69.75 resistance from December 6th.
The forming triple-top pattern is invalidated by the current ORDI token price action.
ORDI's price has been ascending with a parabolic support trendline since October 16, reinforcing a bullish trend.
As long as ORDI maintains trading above the parabolic ascending support trendline, the overall trend remains bullish.
Yesterday, ODI breached the symmetrical triangle pattern with substantial volume, indicating a potential shift.
Sustaining above the $67.00 support level strengthens the bulls' control, setting the stage for a test of the $83 resistance.
Maintaining support at $67.00 positions ORDI for further strength, aiming to challenge the resistance at $83.
Conversely, a trend reversal could lead to loss of momentum, with the price testing support in the $45-$48 range.
KEY LEVELS :
RESISTANCE LEVEL : $72.00-$75.00
SUPPORT LEVEL : $65.00-$61.00
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
