ORDI price breaks above $39.88 per coin, up 3.50% intraday

ORDI latest price: $39.88, down -7.94% in 24 hours, traded volume $415 million 

The k-chart shows that it is now in an oscillator trend. It is up more sharply compared to 18:00 and has rallied from 11:00, breaking above the 15:00 high. The simultaneous rise in price and volume is a sign of strong buying in the market, showing that buyers are willing to trade in larger quantities at higher prices, suggesting an optimistic and bullish market sentiment.
In this case, prices are expected to continue to rise as market momentum is strong and buying continues to increase. Investors are advised to keep an eye on the breakout of key resistance levels, which will confirm the continuation of the uptrend if the price is able to sustain the breakout and solidify at higher levels.
Market sentiment is high as price and volume are rising in tandem. The Williams indicator suggests that it is now in an overbought condition. The recent increase in trading volume, the increase in trading volume compared to the previous hours, and the simultaneous rise in price and volume: active trading and strong upward momentum.

The market is buying strongly and sentiment is optimistic, so we recommend to pay attention to the breakout of the resistance level, consider increasing positions and pay attention to the volatility.