The "spiking" on the chart is usually caused by a burst of volume, usually due to the market having few active sellers, large purchases that can quickly drive the price higher, or traders taking advantage of the volatility to take quick profits.
This movement is usually followed by corrections or consolidations. If the support at $9,650 holds, ORAI could attempt a new high. However, it is important to monitor volumes and news to identify whether the movement was purely speculative or fundamentally driven.
Resistance:
$11,829
$13,846
Support:
$9,650
$8,778
This movement is usually followed by corrections or consolidations. If the support at $9,650 holds, ORAI could attempt a new high. However, it is important to monitor volumes and news to identify whether the movement was purely speculative or fundamentally driven.
Resistance:
$11,829
$13,846
Support:
$9,650
$8,778
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.