Orca (ORCA) Stays Vulnerable

The Orca token is standing amongst the best-performing coins as of the time of writing. This is after its price action has grown by 5.19%. Nevertheless, as of the time of writing, this market seems to have retreated below key technical levels. Let’s further dissect things below.

Orca Statistics

Current Price: $1.09

Market Capitalization: $65.42M

Circulating Supply: 60.15M

Total Supply: 74.99M

CoinMarketCap Rank: 349

Key Levels

Resistance: $1.150, $1.300, $1.450

Support: $1.000, $0.900, $0.800

Orca Retains a Humble Appearance

The ORCA market on a daily chart has been sliding consistently downward for six sessions. The last price candle on the chart remains green but has seen a significant contraction, bringing it to trade below the 9-day Exponential Moving Average (EMA) line.

Likewise, the applied Stochastic Relative Strength Index (SRSI) indicator lines are still below the oversold region of the indicator, with the terminal part of the indicator lines being seen keeping to a slight upward trajectory.

ORCA Drags at a Support Just Above the 9-Day EMA

Since the past session, price activity on the Orca 4-hour chart can be seen to have come under strong headwinds. This keeps forcing the market to hover just above the 9-day EMA curve.

Meanwhile, the SRSI indicator has delivered a downward crossover just above the 80 mark of the indicator. The emerging lines of the indicator can be seen still proceeding sideways, while price action still stands above the 9-day EMA curve, albeit by a negligible margin. Traders may anticipate a rebound toward the $1.200 price level should the base at the 9-day EMA curve hold.

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