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ORDI

The post <a href="https://coinpedia.org/price-analysis/ordi-price-jumps-20-this-week-eyes-60-run-to-cross-100/">ORDI Price Jumps 20% This Week, Eyes 60% Run To Cross $100</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Following the quick reversal from the peak at $83, the <a href="https://markets.coinpedia.org/ordinals/" target="_blank" rel="noreferrer noopener">ORDI price</a> trend finds a solid footing at the support confluence of $50. With a turnaround story in just a few weeks, the altcoins restart the prevailing uptrend and conclude the pullback phase.&nbsp; 
With a breakout event fueled by the recent surge in momentum, the altcoin signals an entry spot for the sideline traders. As Bitcoin preps for a recovery trend above $45K, the <a href="https://coinpedia.org/price-prediction/helium-price-prediction/">ORDI price prediction</a> projects a scoring above $100. 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="464" src="https://image.coinpedia.org/wp-content/uploads/2024/02/09145355/image-73-1024x464.png" alt="" class="wp-image-268547" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/09145355/image-73-1024x464.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/09145355/image-73-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/09145355/image-73-768x348.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/09145355/image-73-1536x696.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/09145355/image-73-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/09145355/image-73.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
Source – <a href="https://www.tradingview.com/x/SHI1SzJX/">Tradingview</a> 
Thanks to the solid demand at the confluence of multiple support elements at $50, the ORDI price kickstarts a bullish reversal. Further, the price action displays a double bottom formation with a neckline at $65.&nbsp; 
With the market-wide recovery, the altcoin reclaims the 50-day EMA with a 21% jump in the last four days. Further, the price jump breaks above the triangle pattern and challenges the key level of $65. 
As the uptrend gains momentum, the rising intraday volume supports the bullish reversal. Thus, the chances of a double-bottom breakout are increasing in the ORDI price chart.&nbsp; 
Technical indicators:&nbsp; 
RSI Indicator: The daily RSI line shows a sharp reversal from the oversold boundary crossing above the 50% mark. Thus, the indicator reflects a quick increase in momentum, teasing a breakout rally.&nbsp; 
Also Read: <a href="https://coinpedia.org/price-analysis/bch-price-eyes-triangle-breakout-ready-for-a-25-bull-run/">BCH Price Eyes Triangle Breakout, Ready For A 25% Bull Run</a> 
<h2 class="wp-block-heading" id="h-is-ordi-price-ready-for-new-all-time-high">Is ORDI Price Ready for New All-Time High?</h2> 
Currently, the ORDI price trades at $63.22 with an intraday growth of 7.63%, making a bullish engulfing candle. As the overhead resistance trendline cracks down, the chances of a bull run to the $100 increase by multiple folds.&nbsp;Moreover, with the rising possibility of a Bitcoin jump in the coming week, the related coins to Bitcoin, like ORDI, can find additional momentum. 
Therefore, the breakout of $65 will signal an entry opportunity for the sideline traders. On the flip side, a reversal from $65 can retest the broken trendline.&nbsp;

ORDI Price Jumps 20% This Week, Eyes 60% Run To Cross $100

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