Key Takeaways
- ORDI price broke out from a long-term parallel channel, signaling the end of a correction.
- The token now faces a critical resistance level at $60, the last hurdle before a new all-time high.
- Technical indicators (RSI, MACD) support bullish momentum, with potential targets at $146 based on Fibonacci retracements.
ORDI Price Analysis: Breakout Confirmed
The 3-day chart reveals ORDI’s recovery from an August low of $20.74, culminating in a breakout from a descending parallel channel on November 8. This pattern typically indicates the end of a corrective phase, suggesting renewed upward momentum.
👉 Why ORDI’s breakout could signal a 200% rally
Critical Resistance at $60
- Current price action: ORDI tested $52.86** post-breakout but remains below the **$60 resistance zone.
Bullish indicators:
- RSI above 50 (momentum favoring buyers).
- MACD positive, reinforcing upward trend strength.
Wave Count Predicts New All-Time High
The Elliott Wave theory suggests ORDI completed a 5-wave rally in March (peaking at $96.53), followed by an A-B-C correction. The recent breakout hints at a new 5-wave upward cycle, with potential targets:
| Fibonacci Level | Price Target |
|-----------------|--------------|
| 1.618 Ext. | $146 |
| Intermediate | $81.82, $113.87 |
Short-Term Outlook
- Wave 3 extension could push ORDI to $113.87.
- Invalidation point: A drop below $34 would negate the bullish count (unlikely given current momentum).
FAQ
Q: What’s driving ORDI’s price surge?
A: Breakout from a 246-day consolidation, bullish technical indicators, and renewed investor confidence.
Q: Can ORDI surpass $60 resistance?
A: Likely, given the channel breakout and strong RSI/MACD readings.
Q: What’s the long-term price target?
A: $146 based on Fibonacci extensions, assuming the wave count holds.
👉 How to capitalize on ORDI’s next rally
Conclusion
ORDI’s breakout after 8 months of consolidation sets the stage for a parabolic move. Key levels to watch:
- $60 (immediate resistance).
- $81.82** and **$113.87 (intermediate targets).
- $146 (long-term Fibonacci goal).
Disclaimer: This analysis is for informational purposes only. Cryptocurrency investments are volatile—conduct independent research before trading.
### SEO Notes
- **Keywords**: ORDI price, all-time high, breakout, parallel channel, Fibonacci retracement, Elliott Wave theory.
- **Engagement hooks**: Clickable anchor texts, FAQ section, data-driven targets.