Technical Analysis: $ORCA

/USDT

Current Price: $3.99

Trend: Bullish (as indicated by the recent +16.28% increase in 24h price)

Support Level: $3.40 (Recent 24h Low)

Resistance Level: $4.05 (Approaching from the recent high of $4.032)

Trade Signal:

Entry Point: Buy around $3.98 - $3.99, as the price is currently near support and poised for potential upward momentum.

Target Levels:

Target 1 (T1): $4.05

Target 2 (T2): $4.15

Target 3 (T3): $4.30

Stop Loss (SL): $3.85 (to protect from downside risk in case of a price drop)

Momentum Indicators:

RSI: In a positive zone, indicating strong buying momentum.

MACD: Showing bullish crossover signals, suggesting the possibility of continued upward movement.

Volume: The high trading volume (2.19 million ORCA) supports the price increase, indicating continued buying interest.

Conclusion:

The market shows strong upward momentum with potential to reach higher target levels. A buy signal is indicated around current prices with target levels at $4.05, $4.15, and $4.30. Ensure the position is monitored for any reversal signs or break in momentum for proper risk management.

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