ORDI coin is seeing a significant price increase
As Bitcoin price hovers above $71,000, overall market sentiment has improved rapidly. Amid this positive environment, ORDI saw a significant price increase, driven by the market recovery. Currently, ORDI price is facing a decisive breakout, gaining momentum and showing strong upward trend indicators. This breakout high is characterized by the altcoin crossing the overall trend line, indicating a sustained upward movement.
ORDI's upward trend
In recent weeks, ORDI has seen a contraction in trend but has now made a bullish jump with multiple breakouts and a sharp increase in momentum. The altcoin's market cap stands at $1.32 billion, having risen 64% in the past 30 days. This June rally resulted in a breakout rally that constituted 35% of the altcoin's value, with a series of six bullish candles on the daily price chart.
The daily price chart shows that the triangle formation breakout high has crossed the primary resistance trend line, indicating a trend reversal for ORDI coin price. This development indicates a possible jump to the all-time high of $100.
Currently, ORDI price is trading at $63.50, with a 9.86% increase in the past 24 hours, creating a major bullish candle. The increase in trading volume supports this uptrend, challenging the $65 level for further gains.
Technical indicators also support the upside
Technical indicators support this bullish outlook. The Relative Strength Index (RSI) line for the daily time frame is showing a positive trend entering the overbought zone, reflecting the strong fundamental demand for ORDI coin. This indicates high interest and buying pressure that drives the price higher.
