- ORDI Technical Analysis: Breakout From Descending Channel
- ORDI Price Testing Key Trendline Resistance
- Can ORDI’s Price Potentially Reach $130?
ORDI is among the top 10 gainers today, witnessing an 11.14% price surge over the past day. Its trading volume is also up by 121.22%, indicating a growing interest in this digital asset.
ORDI Technical Analysis: Breakout From Descending Channel
Analysis by WorldOfCharts1 on X (formerly Twitter) indicated that ORDI's price has been constrained within a descending channel for a prolonged period. The breakout from this channel marked a turning point for the token, signaling a possible shift from a bearish to a bullish trend. The breakout was followed by rapid price movement, with the ORDI price climbing more than 30%, correlating with the expert's analysis.
ORDI Price Testing Key Trendline Resistance
After the initial breakout, ORDI's price is now approaching another key resistance in the form of a trendline. This level is crucial for determining whether the token can sustain its upward trajectory. A successful breakout above this trendline could lead the ORDI price toward a 273% pump.
Can ORDI’s Price Potentially Reach $130?
Technical analysis suggests that ORDI’s price could rally as high as $130 if it successfully breaks through the current resistance levels. The ORDI chart highlighted a potential 273% gain from the current price of $41.78, with a target projection well above $100.
While projections offer promising insights, traders are advised to monitor the market closely, as the success of the breakout will likely determine the token’s short-term price movement.
