Bitcoin

ORDI

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ordi-coin-experiences-significant-price-increase/" data-wpel-link="internal">ORDI Coin Experiences Significant Price Increase</a><br></p>
<p style="text-align: justify">As Bitcoin’s price hovers above $71,000, overall market sentiment has rapidly improved. Amid this positive environment, ORDI coin has seen a significant price increase, driven by the market recovery. Currently, ORDI’s price is facing a critical breakout, gaining momentum and showing strong upward trend indications. This breakout rally is characterized by the altcoin surpassing its general trend line, indicating a continuous upward movement.</p> 
<h2 style="text-align: justify" id="strong-ordi-s-upward-trend-strong"><strong>ORDI’s Upward Trend</strong></h2> 
<p style="text-align: justify">In recent weeks, ORDI coin experienced a trend contraction but has now made a bullish leap with multiple breakouts and a sharp increase in momentum. The altcoin’s market value stands at $1.32 billion, having risen by 64% in the last 30 days. This June surge resulted in a breakout rally that constitutes 35% of the altcoin’s value, with a series of six bullish candles on the daily price chart.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-360098" src="https://coin-turk.com/wp-content/uploads/2024/06/Altcoin-ORDI.png" alt="" width="1600" height="796"></p> 
<p style="text-align: justify">The daily price chart shows that the triangle formation breakout rally has surpassed the primary resistance trend line, indicating a trend reversal for ORDI coin’s price. This development points to a potential jump to an all-time high around $100.</p> 
<p style="text-align: justify">Currently, ORDI’s price is trading at $63.50, with a 9.86% increase in the last 24 hours, leading to a significant bullish candle. The increase in trading volume supports this upward trend, challenging the $65 level for further gains.</p> 
<h2 style="text-align: justify" id="strong-technical-indicators-also-support-the-uptrend-strong"><strong>Technical Indicators Also Support the Uptrend</strong></h2> 
<p style="text-align: justify">Technical indicators support this bullish outlook. The daily timeframe Relative Strength Index (RSI) line shows a positive trend entering the overbought zone, reflecting strong fundamental demand for ORDI coin. This indicates significant interest and buying pressure driving the price up.</p> 
<p style="text-align: justify">The likelihood of ORDI reaching the $100 level is supported by a broader <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">bull market</a> that is starting to lift multiple altcoins. The rise in Bitcoin’s price directly contributes to ORDI’s price increase. According to Fibonacci levels, the current bull run challenges the 23.60% Fibonacci level corresponding to $64.5, supported by a bullish engulfing candle. A breakout above $65 could sustain the uptrend, surpassing the previous all-time high of $96.53 and potentially reaching $100.</p> 
<p style="text-align: justify">From an optimistic perspective, if Bitcoin continues to rise, ORDI coin’s market value could further increase, potentially reaching $120. This optimistic scenario depends on the continuation of the positive market sentiment and the ongoing bullish momentum in the <a href="https://en.coin-turk.com/investors-show-renewed-interest-in-cryptocurrency/" data-wpel-link="internal">cryptocurrency market</a>.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ordi-coin-experiences-significant-price-increase/" data-wpel-link="internal">ORDI Coin Experiences Significant Price Increase</a></h5>

ORDI Coin Experiences Significant Price Increase

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