2024

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ORDI

The post <a href="https://coinpedia.org/price-analysis/ordi-price-ready-for-breakout-will-it-cross-the-100-barrier/" rel="noopener noreferrer nofollow">ORDI Price Ready For Breakout: Will It Cross The $100 Barrier?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Rising strong in the daily chart, the ORDI price continues to sustain the bullish momentum despite a lack of sustenance in Bitcoin, the market leader. Being a performer at a time of pullback, the altcoin attracts the eye of new investors.&nbsp;
However, the ongoing recovery faces a crucial resistance that may soon result in a sharp pullback for ORDI in January. Nevertheless, the overall trend remains bullish and finds optimistic support from <a href="https://coinpedia.org/price-prediction/ordi-price-prediction/" rel="noopener noreferrer nofollow">ORDI price prediction</a>.
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="469" src="https://image.coinpedia.org/wp-content/uploads/2023/12/30141731/ORDIUSD_2023-12-30_13-30-22-1024x469.png" alt="" class="wp-image-257533" srcset="https://image.coinpedia.org/wp-content/uploads/2023/12/30141731/ORDIUSD_2023-12-30_13-30-22-1024x469.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/12/30141731/ORDIUSD_2023-12-30_13-30-22-300x137.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/12/30141731/ORDIUSD_2023-12-30_13-30-22-768x352.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/12/30141731/ORDIUSD_2023-12-30_13-30-22-1536x704.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/12/30141731/ORDIUSD_2023-12-30_13-30-22-150x69.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/12/30141731/ORDIUSD_2023-12-30_13-30-22.png 1825w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Source – <a href="https://www.tradingview.com/x/jAOTOskc/" rel="noopener noreferrer nofollow">Tradingview</a>
In the 4H chart, the ORDI price remains bullish and approaches the $80 mark while teasing a trend continuing to the $100 mark. However, the higher formations lead to an ascending resistance trendline, limiting bullish growth.&nbsp;
Moreover, the trend-based Fibonacci retracement level shows the uptrend, retesting the 61.80% level, and teases a trend continuation. However, the overhead trendline fracture will signal a more credible breakout entry point for sideline buyers.&nbsp;
Currently, the ORDI price trades at $76.41, showing a higher price rejection in the intraday candle from the overhead trendline. Hence, despite the bullish trend, the sideline buyers are indecisive and wait for a breakout signal.&nbsp;
Technical Indicators:
EMA: The crucial EMAs in the 4H chart show a bullish trend continuation, just like the 50D and 200D EMA signaling an uptrend in action. However, the short-term pullback can retest the 50EMA in the 4H chart at $67.10 in case of a $70 breakdown.
RSI Indicator: The RSI indicator in the 4H timeframe shows a recovery trend in motion but also a bearish divergence. Hence, the momentum indicator fails to give a decisive bullish signal and warns of a reversal.&nbsp;
<h2 class="wp-block-heading" id="h-will-the-ordi-price-start-2024-at-100">Will The ORDI Price Start 2024 At $100?</h2>
With Bitcoin struggling to rise above $45K and taking a short-term pullback, the altcoins may soon lose momentum. However, with a history of New Year rallies following the Santa rally, the chances for continuing the bullish trend are vital for the crypto market.&nbsp;
Moreover, the ORDI price trend is fueled by the increased interest amongst the BRC-20 tokens, which will get a piggyback rally if Bitcoin crosses $45K. Therefore, the ORDI price shows the potential to reach the psychological mark of $100.&nbsp;
In contrast, a downtrend will test the 50D EMA or the $60 level.

ORDI Price Ready For Breakout: Will It Cross The $100 Barrier?

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