ORCA/USDT Holds Tightly to Medium-Term Gains

The ORCA/USDT market has continued edging upward today. As of the time of writing, the token has seen a price increase of 9.65%. Consequently, the ongoing session maintains a generally bullish stance, as price activity remains above critical levels.

Orca Statistics

Current Price: $3.09

Market Capitalization: $186.37M

Circulating Supply: 59.95M

Total Supply: 74.99M

CoinMarketCap Rank: 253

Key Price Levels

Resistance: $3.50, $4.00, $4.50

Support: $2.50, $2.00, $1.50

ORCA/USDT Continues to Hug Higher Limits

Price activity in the Orca daily market has maintained support above important technical levels. Notably, the price candle corresponding to the ongoing session continues hugging the uppermost limit of the Bollinger Bands.

It also appears green and features a moderate upper shadow, indicating only a mild downward contraction so far. Furthermore, the line of the Smoothed Rate of Change (SROC) indicator has risen above the equilibrium level. Additionally, the terminal part of the indicator line is now green, suggesting that bullish momentum is gaining strength.

Orca Sees a Rejection but Stays Generally Afloat

The ORCA/USDT market has experienced a brief downward rebound. Nevertheless, this pullback has occurred within just one session on the 4-hour chart. It has brought price action back below the upper limit of the Bollinger Bands, though it remains above the middle band.

The Bollinger Bands indicator itself appears well dilated, and the SROC indicator line can be seen lifting off from the equilibrium level. Consequently, the market seems well-positioned to recover from the recent rejection and could continue progressing toward the $3.50 and $4.00 resistance levels.

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