Orchid (OXT) Price Moves by 6.61% Yet Sheds About 10% of Its Total Gains

OXTUSDT prices have increased by more than 6.61% today. Yet, considering some signs it could be concluded that buyers have recorded some losses in today’s trading session. Nevertheless, Orchid still retains some upside potential; let’s commit more study to this.

OXT Statistics
Orchid Value Now: $0.0579
Orchid Market Cap: $ 51,529,490
OXT Circulating Supply: 962,629,339
OXT Total Supply: 1,000,000,000
Orchid CoinMarketCap Ranking: 355

Major Price Levels:
Top: $0.579, $0.600, and $0.650
Base: $0.520, $0.500, and $0.450

OXT Maintains Upside Focus Despite Losses

As earlier stated, price action in the OXTUSDT market has seen some considerable gains in today’s trading activity. However, the rate of the price increase has drawn some bearish attention. It appears that price action may have hit several take profits. Consequently, this has caused price action today to retract back into the Bollinger Bands. Nevertheless, both the appearance and position of the last price candlestick show that Orchid still has its sights set on a higher resistance price mark. Also, the Moving Average Convergence Divergence (MACD) indicator is maintaining that bullish momentum is still viable in this market. CRV Upside Hope Meets a Blockade

Orchid Looks Ready to Continue in Its Upside Course

The Orchid 4-hour market shows that price action has the potential to extend its upside retracement. Here, the last price candle can be seen above the trendline drawn at the price level of $0.0544. It should be noted that price action at this point is still above the middle limit of the Bollinger Bands. And as a result, this offers some upside impetus to this market. Furthermore, the lines of the MACD continue to trend upwards above the equilibrium level, while its bars are solid green. Consequently, this points to the fact that the retracement may continue toward the $0.0600 price mark.

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