$ORDI has recently staged a massive comeback, surging over 190% in 24 hours to hit a price of $9.80. This breakout follows a long accumulation phase where the coin sat near its all-time lows around $2.12 throughout March. Technically, the price has shattered the key $5.00 resistance, reclaiming the 0.382 Fibonacci level and signaling a shift from a bearish to a bullish regime. While the RSI is currently overbought at 85+, the surge is backed by significant volume, suggesting institutional interest in the Bitcoin Ordinals ecosystem. Traders are now eyeing $11.40 as the next major target, though a retest of the $6.50 support is possible. Fundamentally, ORDI remains the primary "index" for BRC-20 tokens, benefiting from increased Bitcoin network activity. Despite the rally, it remains roughly 90% below its 2024 peak, offering substantial room for recovery if the narrative holds.

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