The post ORDI Price Triangle Break Hints 50% Upside Potential appeared first on Coinpedia Fintech News
As Bitcoin teases a run above the $70,000 barrier this week, the close-linked coins to the Bitcoin network experience a demand hike. In this recovering market, the ORDI price trend shows a breakout rally ready for a price jump this week.
Will the breakout rally in this altcoin conclude the lower high formation in the daily chart for a trend reversal? Will ORDI claim the $100 psychological milestone in 2024? Find out more in our ORDI price prediction.
ORDI Breaks Triangle For A Bull Run
With a bullish revival to end May, the ORDI price jumped 20% on 30th May for a triangle breakout rally. The bullish trend peaks at the 61.80% Fibonacci level to retest the 50% Fibonacci and the trendline breakout.
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Furthermore, with a neckline at the 61.80% Fib level at $52, the ORDI price action teases an inverted head and shoulder pattern. With the broader market recovery
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