ORCA/USDT Stands Aloof Above Its All-Time Low

The ORCA/USDT market has managed to stay above its all-time low at the $3.175 threshold level. Despite this, the token has appeared as the second most profitable coin. This is because this token has seen a price increase of over 6%, and more may be seen shortly.

ORCA Statistics:

Orca Price: $3.931

ORCA Market Capitalization: $205.76M

Orca Protocol Circulating Supply: 53.27M

Orca Total Supply: 100M

ORCA CoinMarketCap Rank: 308

Key Price Levels:

Resistance: $4.500, $5.000, $5.500

Support: $3.500, $3.000, $2.500

ORCA Consolidates Above $3.172

Price action in the ORCA/USDT market has been oscillating just above the $3.172 threshold. In other words, this market is just hovering above the mentioned support. This has been ongoing for the past three sessions.

The last price candle can be seen appearing green and below the 20-day Moving Average (MA) curve. At the same time, the Stochastic Relative Strength Index (RSI) lines can be seen moving sideways near the peak of the overbought region. This shows that the price support level at $3.172 may be quite strong.

ORCA/USDT Bulls Are Taking the Right Steps

Moving the price analysis of the Orca token to a 4-hour chart, it could be seen that upside forces are making notable progress. Here, there are just three MA lines on the chart. However, price action has risen past two out of the three MA curves.

The last price candle on the chart appears much bigger than the previous one. Likewise, the Stochastic RSI lines are rising steadily with respect to the growing upside momentum. Therefore, it seems more possible that price action progresses higher since the market is climbing above the appearing MA line. So, traders can aim at the $4.500 price level.

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