ORDI Poised for 40% Surge: Key Levels to Watch

ORDI may rally 40% to $62 if it closes above $44.45, driven by bullish technicals and on-chain metrics.

Key Statistics:

- 200% surge in trading volume.
- 7.3% gain in 24 hours.
- Long/short ratio: 1.003 (bullish sentiment).
- Open interest up 8.9% (24 hours), 4.3% (4 hours).

Technical Analysis:

- Resistance level: $44.45.
- Bullish inverted head and shoulders pattern.
- Trading above 200 EMA (daily).
- Recent breakout from declining trendline.

On-Chain Metrics:

- Strong bullish market sentiment.
- Increased trader interest.

Breakout Conditions:

- Daily candle close above $44.45.

_Target Price:_

- $62 (40% surge).

_Failure Conditions:_

- Failure to close above $44.45.

ORDI's bullish technicals and on-chain metrics suggest a potential 40% surge to $62, but a daily candle close above $44.45 is crucial for confirmation.

Exciting potential for ORDI! Waiting for that daily close above $44.45 to confirm the bullish trend and aim for $62 target. 🚀