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Orchid’s price action is making a robust advance towards a medium-term resistance level. This resistance has remained unbroken since September 18th. However, bulls in the market are currently challenging this resistance after previous attempts to break through have failed. Let’s observe if this time will result in a successful breakthrough.
Key OXT Statistics:
Current Orchid Value: $0.0736
Orchid Market Cap: $69,863,172
Circulating Supply of OXT: 962,629,339
Total Supply of Orchid: 1,000,000,000
Orchid CoinMarketCap Ranking: 312
Key Price Levels:
Resistance: $0.0736, $0.0800, and $0.0850
Support: $0.0700, $0.0650, and $0.0600
Today’s Trading Records Significant Profits in the Orchid Market
Price action in the Orchid daily market has shown remarkable gains today. As a result, it has pushed the token’s value above the $0.07300 price mark, getting closer to the medium-term resistance at $0.07500.
Furthermore, the current session is occurring above two sets of Guppy Multiple Moving Average curves, indicating that the upward momentum may continue to drive prices higher. Additionally, the Moving Average Convergence Divergence (MACD) indicator suggests a gradual increase in bullish momentum, reinforcing the possibility of prices advancing to higher levels.
OXT Traders Maintain Long Positions
The ongoing session in the OXT 4-hour market demonstrates a substantial number of buyers actively participating. The length of the lower shadow signifies the buyers’ notable upward pressure. Simultaneously, the Stochastic Relative Strength Index (RSI) indicator displays a bullish crossover, with its lines rising sharply.
A considerable gap between the leading and lagging lines indicates strong market momentum. These indicators collectively suggest the potential for further upward movement, propelling prices above the $0.00800 mark.
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