• ORDI’s trading volume soared by 200%, indicating interest among traders and investors amid a potential breakout.
• Assets’ bullish thesis will only hold if it closes a daily candle above the $44.45 level, otherwise, it may fail.

Following the election results, the sentiment across the cryptocurrency landscape has shifted from a downtrend to an uptrend. Amid this bullish outlook, the native token of the Ordinals Protocol [ORDI] is poised for a notable upside rally in the coming days.

This bullish outlook is potentially driven by positive price action, heightened interest from investors and traders, and the overall bullish market sentiment. 

ORDI technical analysis and key analysis

According to AMBCrypto’s technical analysis, ORDI is currently struggling to breach a crucial resistance level of $44.40. This level also appears to act as the neckline of a bullish inverted head and shoulders pattern.