$ORDI has experienced a notable price increase of 5.212% in the past 24 hours.
The price fluctuated between a high of 8.014 and a low of 7.351, with strong support at 7.351 and resistance at 8.014.
Currently, the upper Bollinger Band at 8.105 suggests potential for upward momentum, while the lower band at 7.415 indicates limited downside risk.
The overall market trend remains bullish, likely driven by investor optimism and macroeconomic factors supporting growth.
Bitcoin’s influence appears undefined, which allows ORDI to move more freely, yet any future correlated movements could amplify volatility.
Given the current volatility, short-term trading strategies may be beneficial for risk-tolerant traders, while longer-term holds could suit others who wish to capitalize on the uptrend.
The key takeaway is that ORDI is positioned well for short-term trading opportunities due to its upward trajectory within defined support and resistance levels.
