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
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