Just In: $ORCA Surged Nearly 300% Today Amidst a Falling Wedge Orca ( LSE:ORCA ) one of the first general-purpose AMMs launched on Solana where users can swap assets, provide liquidity, and earn yield through an easy-to-use interface saw its native token ( LSE:ORCA ) spike nearly 300% today amidst a bullish pennant that has been formed on the first week of December 2024.
This steep falling wedge that has occurred last year led to LSE:ORCA losing about 78% of market value, causing a liquidity sweep and low demand for LSE:ORCA which made the token to undergo about 3 months of consolidation phases.
As of the time of writing, LSE:ORCA has cool-off consolidating to the $0.0214 support point with the Relative Strength Index (RSI) at 62 this is a healthy state for LSE:ORCA to form a demand territory for buyers to step in.
Orca Price Live Data
The live Orca price today is $2.89 USD with a 24-hour trading volume of $554,878,139 USD. Orca is up 83.76% in the last 24 hours, with a live market cap of $161,365,451 USD. It has a circulating supply of 55,776,561 ORCA coins and the max. supply is not available.
ORCAUSD
ORCA/USDT – Final Leg Up Before a Potential Reversal ORCA/USDT – Final Leg Up Before a Potential Reversal
1. Price action suggests ORCA is making one last upward move before a possible trend reversal.
2. Recent momentum indicates buying strength, but selling pressure could soon dominate.
3. A key resistance zone is approaching, which might trigger a decline.
4. This area could be a good opportunity for traders to exit long positions or prepare for short setups.
5. A small pullback is expected before a significant downtrend potentially begins.
6. Short-term traders may take advantage of the final leg up, but risk management is essential.
7. Swing traders should watch for signs of rejection at resistance before considering short entries.
8. Monitoring volume and price action near resistance levels will be crucial.
9. Setting stop-loss orders can help minimize risk in case of unexpected price action.
10. Market conditions should be closely observed to confirm whether a full reversal is happening.
$ORCA to 41x in the near future?Looking at the Logarithmic chart, LSE:ORCA seems to have been at a down trend since January 2024 after doing a 10x in just 63 days. The coin seems to have been going through a decent correction for the past 140-160 days. Pulling up the Fib retracement we see a clear bounce off of the 50% level(log scale) which gives an indication that the correction is coming to an end. This gives us a good 1-2 setup per Elliot Wave Theory. Further the RSI seems to have bottomed out on the daily and shows signs of bullish divergence and accumulation of smart money. Looking at the long-term trend based on Modified Shiffs Pitchfork, it seems to be bouncing off of key levels parallel to the trend with great upside potential. Considering the incoming third wave being the longest and comparatively faster the Fib Extension targets of $74-$223 look positively attainable and within the assets long term trend. As we enter the Altcoin Season, Orca can be one of the early gainers considering the fact that ORCA went up to $29 a week into launch. I'm thinking the 3rd wave has already started and just needs a little momentum to go exponential. Considering the 1st wave lasting for 63 days the 3rd wave should be even faster and massive. The project is amazing and has good growth potential as it scales. A good investment overall. Do your own research before you Ape into this amazing project!!!! :-D
$ORCA short term bounce? 90-150% upside?LSE:ORCA has broken out of it's downtrend and has now retested the falling wedge as support which leads me to believe a big move higher is coming in the near future.
I could see the move taking us up to the $4 or $5 resistance before consolidating and having one last leg lower.
Should be a good trade though.
I've entered at $2.37.
Let's see how it plays out.
ORCA - The Best Scenario? Hi, this is my new update for ORCA. In the last 3-4 months Orca has fallen over 60%. Now it seems like that we are reaching the bottom. Right now we are in a descending triangle pattern on both the chart and the RSI.
We have a major support level around $3.30-3.60 and at the same time we have the 200D SMA (Red line). I expect if these levels holds then we are going to break the blue trendline and we are ready to takeoff. You can find the next stop for Orca after the breaking the trendline on full chart, it's around $10.50-13.50.
Things will get very ugly if the support level $3.30-3.60 breaks, the next support will be around $2.50.
Orca (Solana chain) 75% potential tradeWe have a Solana ecosystem and memecoin-trading explosion - Orca, Solana-exchange, are probably next to follow.
I see a nice set up with a daily break of trend, squeeze between 20 Moving Average and 200 Moving Average.
One idea (depending on your trading style) is to place a stop loss under previous candles low.
If Solana continue to run, I see this 75% trade play out quite fast (on daily time frame).
$ORCA wants higher $9-20?I've been watching this chart for a while and price finally broke out of a big flag and is currently sitting on top of it.
Should it be able to hold support here, I think this could see a big move higher with levels from $9-20.
I've marked off the resistances to the upside, let's see if they can get hit.
ORCA following big daddy SOL - capital waterfalls ORCA following big daddy SOL - capital waterfalls
the concept is pretty clear there. same pump but on a smaller sub asset. majors tend to go before their smaller eco system plays. not always though. initially we've seen some small cap mega gains and mediocre medium/large cap gains this run so far.
doesn't really line up perfectly but you get the idea.
orca has been doing a bunch of volume. solana is very popular. if we get another leg on this run this one is going to smash again.
salty asf with orca because i posted on twits to buy this EARLY, bought some then mysteriously changed my mind when i couldn't easily find their tokenomics. FAIL. went up lik 10x after that without me. woops.
x
ORCA: 1st dex on Solana, 2nd overall: 14 to 30xI've been exploring some opportunities in the Solana ecosystem and given the massive dex volume there, I see ORCA as a true gem to be one of the biggest performers in the ecosystem.
It was already one of the best 15 performers in the market during 2023 but with only a 270m market cap, it has a lot more upside. I expect a main target of around $70 during 2024 or 2025 but if Solana keeps going nuts, we can see Orca hitting double of that.
Looking at the chart from a non log view, we can see we're still early... Overlayed is the Uniswap 2021 fractal from Coinbase - already coming from a higher market cap back then.
Good product, good team, right ecosystem and growing crazily and leaving Raydium behind: ORCA.