Ordinals (ORDI) price doubles in 24 hours amid surging volume and bullish trader activity.

Ordinals (ORDI) surged over 100% within 24 hours, driven by a 532% jump in trading volume to $1.43 billion and a 147% rise in Open Interest to $188.93 million. This indicates strong market participation and bullish sentiment as traders opened new positions aggressively. The price broke out from a $2.09 base to test resistance near $10.61, supported by technical indicators like MACD signaling strength. However, the rally faces potential volatility due to crowded long positions and a key supply zone near resistance. Outflows from exchanges suggest reduced selling pressure, which could help sustain the rally if demand holds. Investors should watch for possible pullbacks if the price fails to maintain above key levels.