Technical Analysis: $OXT

/USDT on Binance

๐Ÿ“Š Price Action: OXT is trading at $0.1297, showing a 48.06% surge in the last 24 hours. The asset recently reached a 24-hour high of $0.1580 and a low of $0.0839, indicating significant market volatility.

๐Ÿ” Key Levels:

Support: $0.1200

Resistance: $0.1400

๐Ÿ“ˆ 4-Hour Chart Overview:

OXT has gained 7.28% in the last 4 hours, signaling sustained bullish momentum.

The trading volume is robust, with 667.13M OXT traded, reflecting heightened market activity.

๐Ÿ“Œ Indicators:

RSI: Trending in the overbought zone, suggesting strong buying pressure.

EMA: Price is trading above the 20 EMA, confirming the upward trend.

Insights for Traders

Orchid Protocol is gaining traction as an infrastructure token, with rising interest from the community and investors. Watch for a breakout above $0.1400 for potential upside, but be cautious of pullbacks given the recent sharp rally.

Stay informed and trade confidently on Binance!