- ORDI price rebounded from the $30 demand zone, gaining significant momentum.
- This week, the token surged over 35% and broke through the 200-day EMA barrier.
ORDI token price has staged a strong recovery from its lows, surpassing the critical $50 mark with robust trading volume. Notably, the token has moved beyond key moving averages, signaling bullish potential.
With an intraday spike exceeding 15%, ORDI is consolidating within a range, eyeing a potential rally toward the $100 milestone. Despite market volatility, the token maintains upward momentum and could outperform in the near term.
The price action reflects a double-bottom recovery from a bottom near $30, rebounding over 35% this week alone.
At the time of writing, ORDI price stands at $56.20, marking a 17.10% intraday gain, with charts indicating strong buying interest. Its monthly return of 39.20% and annual return of 846.20% highlight short-term bullish momentum.
The ORDI/BTC pair trades at 0.000792 BTC, with a market cap of $1.19 billion. Analysts remain cautiously optimistic, suggesting **ORDI price** may consolidate before targeting the $70 resistance level.
ORDI Breaks $50 Barrier: Can Bulls Maintain Dominance?
The daily chart reveals new bullish accumulation, with the token resisting sell-offs amid surging trading volume.
Significantly, ORDI has decisively breached the 200-day EMA and could sustain outperformance in upcoming sessions.
After weeks of downtrend and sell-offs, ORDI token retested the $30 demand zone last month, sparking investor interest and triggering a price rebound.
Following a 15% surge, trading volume skyrocketed 189% to $628.17 million, reflecting heightened demand.
Ranked 89th by market cap, ORDI has a total supply of 21 million tokens.
Per Fibonacci levels, the token holds above the 38.2% zone and may soon challenge the 50% resistance near $65.
Volatility and Weighted Sentiment Shift
Price volatility spiked 12% to 0.019, underscoring bullish momentum.
Weighted sentiment jumped 43% to 0.567, crossing into positive territory as investors monitor ORDI closely.
Additionally, @DegenApeTrader noted on X that ORDI could soon test the $80 upper bound.
As a BTC-correlated asset, ORDI’s performance hinges on Bitcoin’s trajectory.
Open Interest Data Signals Confidence
Recent hours saw aggressive long positioning, driving prices higher.
Open interest surged 55.81% to $315.93 million in 24 hours, revealing whale accumulation.
While shorts struggle, bulls appear dominant, potentially extending gains toward $65 and later $80.
Downside risks are capped near $40, whereas upside potential targets $65 and $72 resistance levels.
Conclusion
ORDI token has broken its downtrend, rebounding sharply with surging volume. Maintaining momentum, it could soon target the $100 milestone.
FAQ
Q: What caused ORDI’s recent price surge?
A: A combination of technical recovery (double-bottom), bullish sentiment, and whale accumulation drove ORDI past $50.
Q: Is ORDI a good short-term investment?
A: With high volatility and strong momentum, ORDI presents opportunities—but monitor BTC trends and key support/resistance levels.
Q: What’s ORDI’s next price target?
A: Immediate resistance lies at $65; a breakout could propel it toward $80–$100.