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The post <a href="https://coinpedia.org/price-analysis/will-ordi-price-bounce-to-80-as-demand-resurfaces-at-43/">Will ORDI Price Bounce To $80 As Demand Resurfaces At $43?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
As <a href="https://markets.coinpedia.org/bitcoin/" target="_blank" rel="noreferrer noopener">Bitcoin</a> experiences another intraday spike in supply, so do the altcoins and the close cousins of Bitcoin. Amidst such conditions, the <a href="https://markets.coinpedia.org/ordinals/" target="_blank" rel="noreferrer noopener">ORDI price</a> trend shows a likelihood of a bullish turnaround after days of correction.&nbsp; 
With a shift in the underlying sentiments, the altcoin stands at a pivotal stage with a great risk-to-reward entry opportunity. Will the altcoin reach $100 this year? Find out more in our <a href="https://coinpedia.org/price-prediction/helium-price-prediction/" target="_blank" rel="noreferrer noopener">ORDI price prediction</a>. 
<h2 class="wp-block-heading" id="h-double-bottom-at-43-offers-bullish-reversal-nbsp">Double Bottom At $43 Offers Bullish Reversal&nbsp;</h2> 
With a constant struggle to reach the $100 psychological milestone, the ORDI price takes multiple dips to the $43 support zone. In the recent correction, the drop to $43 fails to exceed the $52 mark, resulting in another drop to the demand zone. 
<figure class="wp-block-image">
 <img decoding="async" width="1600" height="796" src="https://image.coinpedia.org/wp-content/uploads/2024/04/30145833/image-927.png" alt="" class="wp-image-296027" srcset="https://image.coinpedia.org/wp-content/uploads/2024/04/30145833/image-927.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/04/30145833/image-927-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/04/30145833/image-927-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/04/30145833/image-927-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/04/30145833/image-927-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/04/30145833/image-927-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
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<a href="https://www.tradingview.com/x/xe49NsxY/">Tradingview</a> 
However, the lower price rejection from $43 avoids further correction and teases a double-bottom reversal. Moreover, the buyers maintain a stronghold at the 50% Fibonacci level, increasing the possibility of an uptrend.&nbsp; 
Currently, the ORDI price trades at $40 as it stagnates near the demand zone. With a buy-the-dip opportunity arising at lower levels, the sideline traders await an uptick confirmation.&nbsp; 
Technical indicators:&nbsp; 
RSI Indicator: The daily RSI line sustains above the oversold zone and reflects a surge in bullish divergence.&nbsp; 
MACD: The declining trend in the MACD and signal lines dive deeper into the negative territory.&nbsp; 
<h2 class="wp-block-heading" id="h-will-ordi-price-top-100">Will ORDI Price Top $100?</h2> 
With the growing chances of reversal, the ORDI 0price is ready to spring from the 50% Fibonacci level and prepare a bounce back to $80. Further, with the growing anticipation of a bullish comeback in Bitcoin, the altcoin could soon surge to the $100 psychological mark.&nbsp; 
Conversely, a dip under the $40 demand zone could drop the prices to the $33 or $22 support levels. 
Also Check Out : &nbsp;<a href="https://coinpedia.org/price-analysis/top-5-altcoins-to-stack-in-may-for-10x-profits/">Top 5 Altcoins to Stack in May for 10x Profits</a>

Will ORDI Price Bounce To $80 As Demand Resurfaces At $43?

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