ORDI/USDT has broken out of a months-long descending channel, pushing its price above $5.25 and signaling a potential bullish reversal. The market cap of ORDI has expanded from $90 million to $120 million, indicating renewed investor interest and momentum. This breakout suggests that the prolonged downtrend may be ending as the price tests key resistance levels.
The recent price movement saw ORDI/USDT trading in a narrow range before breaking out with strong buying pressure, reaching a peak near $5.70. The price has since stabilized around $5.10–$5.25, with former resistance levels now acting as support. This stabilization is seen as constructive, as it suggests the market is defending gains rather than collapsing.
The market cap's sharp rise, coupled with increased trading volume, confirms a bullish shift. Maintaining the market cap above $105–110 million is crucial for sustaining momentum and supporting further price increases. Traders are closely watching for continued consolidation and potential further gains.
ORDI Price Breaks $5.25, Market Cap Surges to $120M
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