ORDI and SEI Prices Pumping, Among Top Crypto Gainers – Here's Why

$ORDI’s price has been trading within a descending channel since December 2023. The top of the channel is serving as resistance, and the bottom is acting as support.

The prices of ORDI and SEI are among the top gainers in the crypto market today, both showing promising gains. Here’s a look at what’s driving their performance.

$ORDI’s Price in a Descending Channel, Offering Trading Opportunities

ORDI’s price has been trading within a descending channel since December 2023. The top of the channel is serving as resistance, and the bottom is acting as support.

When the price reaches the resistance, it drops to the support, and when it reaches the support, it rises back to the resistance. This pattern has been continuing.

The gap between resistance and support is wide, providing profit opportunities for traders who may seek to leverage the ongoing price action.

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After a dull first half of 2023, ORDI’s price has now been going up since the beginning of July when it got close to support. It did not exactly hit support this time, probably because the general market was also recovering around that time.

Since then, the price has spiked by around 60%, and it looks like it still has room to grow to the top of the channel.

SEI Price Surges, Next Target in Sight

Captain Altcoin earlier reported that the price of SEI was approaching critical support after it bounced off the $0.25 price support. The price finally spiked and broke above the resistance. It is now moving towards the next target.

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After a successful retest, it has continued to go up, targeting the resistance at around $0.45. This represents a possible 10% spike from the current level.

The relative strength index is currently around 64, also showing that there is more room to run.

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