"ORAI/USDT: Spike Phenomenon"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
