ORCA/USDT Bulls Are Marching On

It was earlier noticed that the ORCA/USDT market had rebounded off a promising support level, and today, that support has held. As a result, this token has again appeared on the list of top crypto gainers for the day. It stands in the second position with a gain of 3.77% as of the time of writing.

Orca Statistics

Current Price: $2.523

Market Capitalization: $142.73M

Circulating Supply: 55.77M

Total Supply: 99.99M

CoinMarketCap Rank: 243

Key Price Levels

Resistance: $2.750, $3.000, $3.250

Support: $2.500, $2.250, $2.000

ORCA/USDT Edges Towards the $3.00 Price Level

Following a couple of successive price declines, the price of the Orca token has rebounded off the support formed by the 20-day Moving Average (MA) line. Today, price action has continued upwards. The latest price candle stands above the 20-day and 50-day MA lines, with only the 100-day MA line remaining above it.

Additionally, the Stochastic Rate of Change (SROC) indicator is already above the equilibrium level and is still moving upward. The latter part of the SROC indicator is turning green as it slightly ascends above the equilibrium level. Technically, this suggests that prices may continue to rise.

Orca Pushes Past Key Levels

In the ORCA/USDT 4-hour market, price action is progressing. The latest price candle stands above all the MA lines on the price chart and remains green, indicating that upward momentum is still present.

Meanwhile, the Stochastic ROC indicator is currently below the equilibrium level. However, the latter part of the Stochastic ROC indicator appears red, although its terminal point has an upward trajectory. Technically, this suggests that despite the indicator still signaling an oversold condition, the market is in an uptrend. This upward retracement may soon reach the $2.800 price level.

Therefore, traders can aim for short-term gains toward the $2.500 level and possibly $3.00 thereafter.

Make money without lifting your fingers: Start trading smarter today