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.
ORCAUSDT
Long Orca to 8.73Traders,
I’ve been at work testing some new indicators lately and they have been working very well so far. I want to give them a true test in predicting a pullback, but so far, they haven’t had that chance. Anyways, right now, they are all flashing green on ORCA. And it makes sense too. We’ve cracked the top of that down-trending channel, signaling that an upward break is coming soon. Additionally, we have very solid support on the underside of price. Finally, look at that beautiful bull flag that has formed. We are on the precipice of upward trajectory here. I’ve entered at 4.64 with a final target of 8.73, a SL of 3.61, and a RRR of 4.3. See you on the moon.
Stew
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.