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ORDI

The post <a href="https://coinpedia.org/price-analysis/breakout-run-in-ordi-price-teases-a-hit-to-100/">Breakout Run In ORDI Price Teases A Hit To $100</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With Bitcoin sustaining above the $71,000 level, the broader market sentiment is improving at a rapid rate. Amidst this recovery, the ORDI token takes a price jump with the additional momentum.&nbsp; 
With close links to the Bitcoin network, will the ORDI token reach the mark of $100 market valution? Find out more in our <a href="https://coinpedia.org/price-prediction/helium-price-prediction/">ORDI price prediction</a>. 
<h2 class="wp-block-heading" id="h-bullish-extension-for-ordi">Bullish Extension For ORDI</h2> 
Following the trend contraction for weeks, the ORDI price takes a bullish leap with multiple breakouts and a sharp rise in momentum. With a market cap of $1.328 Billion, the ORDI token has shown a 64% rise in the last 30 days. Further, with a bullish revival in June, the breakout rally in the ORDI token accounts for 35%. Further, this leads to a streak of six bullish candles in the 1D chart. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXce1NngZeYNKHper6mvb-sdgvIIfHsBm45rW6YANN6YjQSt68v1PrOY88ezNnmS5DqI1y8_EzorGgjAfASiTTKnbaaN5cIlCnZT2odDw-Qu7PZefxlfzEUNSmvQ1YRrDdhgX8rtnDYU34whYZRXr8IV4oU?key=XjFKWbwhWCwdcjlf42BOXw" alt="">
</figure> 
<a href="https://www.tradingview.com/x/58ToccE8/">Tradingview</a> 
In the 1D chart, the triangle breakout rally crosses above the primary resistance trendline. This signals a trend reversal in the ORDI price trend and teases a potential jump to a new all-time high near $100. 
Currently, the ORDI price trades at $63.50 with an intraday growth of 9.86%, leading to a massive bullish engulfing candle. With a boom in trading volume, the uptrend challenges the $65 mark for a bullish extension. 
Technical indicators:&nbsp; 
RSI Indicator: The daily RSI line shows a positive trend entering the overbought zone, reflecting a huge underlying demand.&nbsp; 
<h2 class="wp-block-heading" id="h-will-ordi-price-hit-100">Will ORDI Price Hit $100?</h2> 
With the bull market starting to boost multiple altcoins, the rising BTC price brings a direct boost to the ORDI price trend. As per the Fibonacci levels, the bull run challenges the 23.60% Fibonacci level at $64.5 with the bullish engulfing candle.&nbsp; 
A bullish breakout of the $65 mark could extend the upside trend to surpass the all-time high at $96.53 to top $100. Optimistically, a surge in Bitcoin could propel the ORDI token market value higher to $120.

Breakout Run In ORDI Price Teases A Hit To $100

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