ORDI Crypto Price Prediction: Will This Bitcoin Ordinals Protocol Token Reach $50 This Month?

Ordinals (ORDI) crypto, the largest BRC-20 token closely linked to the Bitcoin Ordinals Protocol, has seen a double-digit rise. Fueled by BTC price upsurge of over 2% intraday, the ORDI crypto is nearly completing a move. This move could escape its falling channel pattern.

The price of a lesser-known cryptocurrency, Ordinals (ORDI), has experienced a double-digit increase, closely tracking the performance of the Bitcoin Ordinals Protocol.

As the price of BTC rises by over 2% intraday, the ORDI crypto is almost completing a move that could see a breakout from its falling channel pattern.

Rising bullish momentum could see the ORDI crypto breakout soon. The volume of ORDI increased by over 130%, with a price surge of over 22%.

The previous session saw the formation of a bullish engulfing candlestick, providing strong evidence that buyers are overpowering the bears and setting the stage for a breakout.

Ordinals (CRYPTO: ORDI) cryptoを目指してフリッピング the resistance at $33 into support, which would trigger a sharp rise and a channel breakout.

The token is currently trading at around $32.13, with a market cap of $675.13 Million. It ranks 82th in terms of market cap, with a circulating supply of 21 Million.

The price of ORDI crypto is displaying bullishness and is close to breaking past its monthly high at $35.

A break and close above the level would result in a strong short-covering move.

Crypto Analyst @₵₵ρυفرةVikings recently shared his analysis, showing that he went long in ORDI. According to the chart, ORDI has multiple bottom supports at $30.

The analysis suggests a potential surge toward the $40 mark in the short term.

Longed $ORDI pic.twitter.com/yGHhIQHX0V

The MACD indicator is turning positive, with green bars on the histogram, indicating investors’ bullishness toward a breakout.

The RSI curve is also crossing the midline zone, showing a positive divergence that signals an upswing ahead.

Futures Open Interest saw a sharp increase of around 54%, indicating a strong long buildup activity in the past 24 hours.

The rapid increase in Futures Open Interest usually showcases rising interest and belief among investors.

Ordinals (CRYPTO: ORDI) crypto investors are pining for a price surge, which can be observed in the direction of the funding rate.

At press time, ORDI’s funding rate is positive, at 0.0040%. A positive funding rate indicates that long positions have been paying short positions, reflecting a bullish sentiment among traders.

If the ORDI crypto price sustains a bullish spell above the 50-day EMA mark, a fresh higher high swing may propel the price past the $35 mark.

Above it, the token could face resistance at around the $43 mark, followed by the $50 mark. On the flip side, the immediate support zone lies around $27, followed by $23.

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