Price Action and Market Dynamics
ORDI/USDT has been trading within descending channels for several months, with observable weakening in selling pressure. A recent breakout has propelled ORDI/USDT above the $5.10 to $5.25 range, establishing a new higher base.
The market capitalization has expanded significantly, moving from $90 million to $120 million, which serves as a confirmation of renewed bullish momentum in the market.
ORDI/USDT chart analysis indicates that a prolonged downtrend may be nearing its end as the price tests key resistance levels, forming a potential bullish reversal pattern. Traders are closely observing the consolidation phase occurring near the $5.10–$5.25 mark for confirmation of this trend.
Long-Term Compression and Bear Exhaustion
Since late 2024, ORDI/USDT has been in a downtrend, characterized by a descending channel with a consistent pattern of lower highs and lower lows. The upper trendline of this channel has repeatedly acted as strong dynamic resistance, capping any rallies.
Price has consistently failed to break above this trendline, which validates the persistent downward pressure observed in the market. On the lower side, the price has maintained a shallow rising base for several months.
This pattern suggests that the selling pressure has been diminishing over time rather than intensifying. Multiple attempts by sellers to push ORDI/USDT to lower levels have not resulted in substantial new lows, indicating that the bears are gradually losing control of the market.
The current market compression, occurring between a declining ceiling and a stabilizing floor, has formed a tightly coiled structure. This pattern is often interpreted by traders as a precursor to a significant breakout, particularly when momentum shifts favorably.
Should the trendline be broken decisively, the potential target area for the price is estimated to range between $18 and $23.
Recent Price Momentum and Range Expansion
Over the past week, the ORDI/USDT price was trading within a narrow range of approximately $4.40 to $4.60, reflecting a period of market indecision. However, attempts to push the price lower towards $4.30 were met with buying support, indicating underlying demand.
The price behavior experienced a significant change around January 13, when it broke out of its range with considerable vertical momentum. This breakout rapidly surpassed previous resistance levels, signaling strong buying pressure and renewed market interest.
Trading volume increased in conjunction with this upward move, confirming the participation of larger market players rather than solely retail traders. After reaching a peak near $5.70, the price experienced a slight pullback and stabilized around the $5.10–$5.25 level.
This stabilization phase is considered constructive, as the market is actively defending its gains rather than experiencing a collapse. Former resistance levels around $4.80–$5.00 are now expected to serve as potential support for the emerging short-term bullish trend.
Market Cap Expansion Confirms Bullish Shift
For the majority of the past month, ORDI’s market capitalization had been oscillating between $80 million and $100 million, indicating a period of consolidation and quiet accumulation. Dips to lower levels were quickly absorbed, suggesting sustained underlying demand in the market.
A notable expansion in market capitalization occurred in the final days of the period, with the value rising from $90 million to nearly $120 million. The speed and trajectory of this increase suggest active capital inflows rather than gradual accumulation.
Volume also saw an increase during this period, validating the strength of the upward momentum. Following its peak, the market capitalization experienced a modest retracement but managed to hold above the $105–$110 million range.
Maintaining this elevated market cap level is crucial for sustaining the current momentum and supporting potential continuation of the price above the significant psychological mark of $100 million. The establishment of this higher base increases the probability that bullish trends may extend if the price continues to defend these levels.