The Bitcoin Ordinals-based ORDI token has achieved a significant milestone by becoming the first BRC-20 token to surpass a $1 billion market capitalization. This achievement follows remarkable triple-digit percentage gains in both monthly and weekly performances. On December 5, ORDI reached a new all-time high, exceeding $65, marking an impressive surge of more than 850% from its value of around $6.80 on November 5. Although ORDI has experienced a slight dip from its peak, currently trading below $61, this still represents an extraordinary over 2,000% increase from its all-time low of $2.86 recorded on September 11.
At the time of writing, ORDI was trading at $56.30
ORDI was trading in a broad range from $3.5 to $7.5. The asset finally gave a breakout above the range and surged up to $27.8.Ordi faced stiff resistance around $26.5 and witnessed some profit booking and the prices corrected to $18. Post this move, the asset started consolidating between $18.3 to $22.5. Ordi resumed the up move after consolidation and witnessed a massive rally as the prices surged up to $69.76. Ordi has a strong support at and $44 (38.2% Fibonacci Retracement Level) whereas to further rally it needs to break and close above the top of $69.75.
Key Levels:
| Support 2 | Support 1 | Asset | Resistance 1 | Resistance 2 |
| $44 | $53.5 | ORDI | $61.5 | $69.75 |
