ORDI

The post <a href="https://coinpedia.org/price-analysis/ordi-price-surges-by-1800-this-year-what-waits-for-ordi-price-in-2024/" rel="noopener noreferrer nofollow">ORDI Price Surges By 1,800% This Year! What Wait’s For Ordi Price In 2024?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The BRC-20 tokens have gained significant momentum in recent times as major tokens have displayed massive price action during this month. Further, the ORDI price has added over 18% to its portfolio within the past day, indicating a trend reversal in the market.
The ORDI coin price traded in a closed range between $18.550 and $23.618 for a brief period, following which the market gained momentum and the price jumped over 186%.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/51roOmUeuDKICnrbGBPFClUNgusaYSwFzlh0L5TjbQQqNTZoj96e7ohKp-Im5fv7SgrA6hy7lAepDEcO6am5od-TtM527mlzBOwz2qp9U6gks4WeZ5BCCaCX3t8179ZSa1_de2YxILXxyLzIX6XwnTQ" alt="ORDI Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: ORDI/USDT
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</figure>
However, the Ordi token faced rejection at that level and recorded a correction of approximately 35% in its value. The Ordi token then traded in a consolidated range between $44.575 and $55.536 for a while, after which the bulls gained momentum and broke out of the resistance level.
The rally was short-lived as the price faced rejection at $67.723, resulting in the price facing a pullback within the range. Since then, the price has been trading sideways, indicating weak buying and selling pressure for this token in the market.
The Relative Strength Index (RSI) displays a sharp fall in the chart, highlighting a reduced price action in the market. Further, the averages show a high possibility of a bullish convergence, suggesting the coin will experience a trend reversal in the coming time.
<h2 class="wp-block-heading" id="h-will-the-ordi-price-go-up">Will The ORDI Price Go Up?</h2>
If the bulls hold the price above the support level of $55.536, the ORDI price will regain momentum and prepare to test its resistance level of $57.723 by the coming week. Further, if the market holds the price at that level, it will continue to rise and test its upper resistance level of $70 by the month-end.
Conversely, if the bears gain power over the market, the bulls will lose momentum and the price will fall to test its support level of $44.575. Moreover, if the bears continue to dominate to market, it will plunge further and prepare to test its lower support level of $33.689 in the coming week.

ORDI Price Surges By 1,800% This Year! What Wait’s For Ordi Price In 2024?

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