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Prices in the Orchid market have risen far beyond expectations over just three trading sessions. Price behavior in this market suggests that buyers are rallying behind bullish opinions about this coin. This has created a massive tailwind, which has taken prices through multiple resistance levels.
OXT Statistics:
Orchid Value Now: $0.0874
Orchid Market Cap: $87,872,348
OXT Circulating Supply: 962,629,339
Orchid Total Supply: 1,000,000,000
OXT CoinMarketCap Ranking: 264
Major Price Levels:
Top: $0.0874, $0.0900, and $0.0950
Base: $0.0824, $0.0754, and $0.0704
Orchid Bulls Are on Rampage
Price action binds the Orchid daily market and has maintained bullishness for three trading sessions. At this point, price action continues to march into the Bearish zone unchallenged. Additionally, trading indicators are still giving bullish indications about price movements in this market.
The last price candlestick on this chart has palace prices far above the Guppy Multiple Moving Average curves. Meanwhile, the Moving Average Convergence Divergence MACD indicator lines continue to rise steeply upward, with their histogram bars increasing in length very rapidly. As it stands, the upside momentum is strong and will likely keep pushing prices higher.
OXT Buyers Ain’t Backing Down
Meanwhile, the OXTUSDT 4-hour market is revealing that following a sustained price increase, a headwind has only introduced a moderate downward correction. However, the appearance of a green price candle on this chart shortly afterward seems to point out that buyers are still bullishly biased. Also, due to this, trading activities have continued to occur above the GMMA curves.
The lines of the MACD indicator are now above the equilibrium level and are still having an upside bearing. Nevertheless, the appearance of this indicator’s bars is now pale green. However, this is mostly due to the downside correction that occurred in this market. Therefore, traders can still anticipate further upside retracement towards the $0.0920 mark.
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