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The post <a href="https://coinpedia.org/price-analysis/ordi-price-triangle-break-hints-50-upside-potential/">ORDI Price Triangle Break Hints 50% Upside Potential</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
As <a href="https://markets.coinpedia.org/bitcoin/" target="_blank" rel="noreferrer noopener">Bitcoin</a> 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.&nbsp; 
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 <a href="https://coinpedia.org/price-prediction/helium-price-prediction/" target="_blank" rel="noreferrer noopener">ORDI price prediction</a>. 
<h2 class="wp-block-heading" id="h-ordi-breaks-triangle-for-a-bull-run-nbsp">ORDI Breaks Triangle For A Bull Run&nbsp;</h2> 
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.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXflp0GA289lr5grq1qChdSUwud0EHoq4EO1XQfxPzNgKfZC-XnfAmrIHLD6HrAEGrube77kxxzaD_l8XQLSWEUeflK7PCqREcT9ueOZTEXwr9YXdNptUuag-Df_1Z24buOAeeM6BZz1jYIN30O7kjqq10E?key=XjFKWbwhWCwdcjlf42BOXw" alt="">
</figure> 
<a href="https://www.tradingview.com/x/eN2aRV37/">Tradingview</a> 
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, the triangle breakout teases the $52 neckline breakout.&nbsp; 
Currently, the ORDI price trades at $48.10, following the overnight surge of 6.42%, which created a bullish engulfing candle. As of now, the bullish trend approaches the overhead resistance trendline&nbsp; 
Technical indicators:&nbsp; 
RSI Indicator: The daily RSI line continues to surge positively and cross the halfway line, reflecting an uptrend in motion. 
EMA: The bulls are ready to undermine the death cross with the price surge crossing above the 50D EMA.&nbsp; 
<h2 class="wp-block-heading" id="h-is-the-ordi-price-trend-ending-the-correction-phase">Is The ORDI Price Trend Ending The Correction Phase?</h2> 
With an overall downtrend in the daily chart, the ORDI price action forms a solid resistance trendline. However, as the ongoing recovery rally gains momentum, a trendline reversal is at play with multiple bullish patterns.&nbsp; 
A bullish breakout of the $52 mark will ignite the next upside surge, teasing a trendline breakout. Hence, the altcoin may soon surpass the $65 mark this month.&nbsp; 
Also Check Out : <a href="https://coinpedia.org/price-analysis/notcoin-jasmycoin-price-eye-towards-a-20-jump-while-toncoin-trying-hard-to-form-new-ath/">Notcoin &amp; JasmyCoin Price Eye Towards a 20% Jump While Toncoin Trying Hard to Form New ATH</a>

ORDI Price Triangle Break Hints 50% Upside Potential

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