$ORCA is currently trading at $4.705, showing a -4.12% decrease in the past 24 hours. The coin's market cap is $250.51M, and the volume-to-market cap ratio stands at 28.63%, which indicates decent liquidity. However, the price is under pressure after reaching an all-time high of $22.30 in 2021.
Key Insights:
Support Level:
$4.50, which is a critical level to watch for any signs of potential recovery.
Resistance:
$5.00, a level to watch for possible breakout signs.
Risk Management:
Keep a stop-loss near $4.50 to limit downside risks. Market volatility suggests further price corrections may be possible.
Strategy:
Watch for a potential rebound around the $4.50 support level.
Look for bullish confirmation at $5.00 for possible upside momentum.