Currently, ORDI is trading at $37, down 60% from its all-time high of $96.53 on March 5, 2024. Moreover, the BRC-20 token is showing a bullish recovery from the support area, up 2.56% intraday, while it is up 3.82% overnight.

Technical indicators show the possibility of a trend reversal as the MACD and signal lines are ready for a bullish crossover. Therefore, the bullish recovery at $35 may soon test the upper trendline near $50. Moreover, a breakout rebound may extend the uptrend to $87.