ORDI Price Nears All-Time High
The ORDI price almost reached a new all-time high on November 13 but dropped slightly afterward. However, the price recovered after bouncing at the $20 support area. The question now is whether it will reach a new all-time high.
ORDI Approaches All-Time High
Since the beginning of November, the ORDI price has been increasing parabolically. In just 10 days, the price surged by 365%, peaking at $22.82 on November 13. This surge caused a breakout above the $20 horizontal resistance area, which is the final one before reaching the all-time high of $29.60.
The RSI, used as a momentum indicator, indicates that bulls still have an advantage with readings above 50 and an upward trend. The daily RSI is increasing and is currently above 50, although in overbought territory.
Hot Take
The ORDI price is showing strong potential for reaching a new all-time high based on technical analysis and market sentiment. With ongoing bullish indicators and predictions, there is optimism for continued upward movement in the near future.
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