Rose

Solana

Million

Time

<p><strong><a href="https://www.thecoinrepublic.com/price-prediction/orca/">ORCA</a></strong>, a DEX based on the Solana blockchain Network, noted a massive recuperation from the low mark of $1.350 and lifted over 100% this week.</p> 
<p>Fueled by the sharp volume surge, it gained momentum and recorded a<strong> falling channel breakout.</strong> Near the bottom mark of $1.50, a solid bullish engulfing candlestick was made, and the token price crossed multiple clusters in a single go.</p> 
<p>Recent upliftment has boosted the investors’ confidence to make fresh positions in <strong>ORCA</strong>, resulting in a sharp jump of over 200% in the trading volume in the last 48 hours.</p> 
<p>Notably, the price unfolded a massive recovery and crossed the 200-day EMA cluster this week. Once the token decisively closes above the $3 mark, it could soon sprint the bullish rally ahead and spread its next bullish leg toward the $5 mark.</p> 
<h2 class="wp-block-heading" id="h-how-is-orca-price-performing-now"><strong>How is ORCA Price Performing Now?</strong></h2> 
<p>At press time, the ORCA token was trading at $2.90 with an intraday surge of 12.36%, reflecting bullish momentum on the chart. Its trading volume soared over 121.20% to $4.08 Million in the last 24 hours.</p> 
<p>The pair of ORCA/BTC was at 0.0000432 BTC, and its market cap was $151.68 Million. Analysts have guided a bullish outlook and suggested the <strong>ORCA price</strong> may exceed the bullish wave and sprint the rally ahead.</p> 
<h2 class="wp-block-heading" id="h-orca-s-technical-parameters-look-positive-nbsp"><strong>ORCA’s Technical Parameters Look Positive&nbsp;</strong></h2> 
<p>The Daily Chart of the <strong>ORCA token</strong> signified a breakout of the falling channel and guided a strong bullish momentum. It climbed beyond the key EMAs and unfolded a sharp recovery from the bottom.</p> 
<p>Amidst this massive surge, the sellers looked trapped and stayed on the back foot. They seemed busy in securing their gains.</p> <iframe title="Santiment Chart: Price (ORCA), Volume (ORCA)" width="800" height="425" src="https://embed.santiment.net/chart?ps=orca&amp;pt=ORCA&amp;df=2024-01-27T18%3A29%3A59.008Z&amp;dt=2024-07-27T18%3A29%3A59.008Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe> 
<p>The Relative Strength curve reached the upper edge of the overbought zone. It had a reading of 75, signifying a possibility of profit booking in the upcoming sessions.</p> 
<p>Meanwhile, the sustained buying pressure was spotted, giving a solid conviction that the uptrend would continue.</p> 
<p>@Anatar tweeted that it has flipped from its support zone, and compression could be seen ahead.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24ORCA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ORCA</a> :<br><br>More compression and trying breakout from S/R flip.<br><br>Should move up soon , invalidation 4H close below the green box.<a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a>&nbsp; <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw">#ETH</a> <a href="https://twitter.com/hashtag/EtherETFs?src=hash&amp;ref_src=twsrc%5Etfw">#EtherETFs</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/CryptoTrading?src=hash&amp;ref_src=twsrc%5Etfw">#CryptoTrading</a> <a href="https://twitter.com/hashtag/JUP?src=hash&amp;ref_src=twsrc%5Etfw">#JUP</a> <a href="https://twitter.com/hashtag/solana?src=hash&amp;ref_src=twsrc%5Etfw">#solana</a> <a href="https://twitter.com/hashtag/JTO?src=hash&amp;ref_src=twsrc%5Etfw">#JTO</a> <a href="https://twitter.com/hashtag/MEW?src=hash&amp;ref_src=twsrc%5Etfw">#MEW</a> <a href="https://twitter.com/hashtag/FLOKI?src=hash&amp;ref_src=twsrc%5Etfw">#FLOKI</a> <a href="https://twitter.com/hashtag/memecoins?src=hash&amp;ref_src=twsrc%5Etfw">#memecoins</a> <a href="https://t.co/mdlBo7ILBq">https://t.co/mdlBo7ILBq</a> <a href="https://t.co/IXls1lTEaV">pic.twitter.com/IXls1lTEaV</a></p>— Anatar (@anatar_1149) <a href="https://twitter.com/anatar_1149/status/1816811630849859880?ref_src=twsrc%5Etfw">July 26, 2024</a>
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<h2 class="wp-block-heading" id="h-what-do-on-chain-metrics-suggest"><strong>What Do On-Chain Metrics Suggest?</strong></h2> 
<p>The Weighted Sentiment data observed flattish moves and hovered close to the midline region, pointing to a neutral sentiment among the investors.</p> <iframe loading="lazy" title="Santiment Chart: Weighted sentiment (Total) (ORCA), Social Dominance (ORCA), Development Activity (ORCA)" width="800" height="425" src="https://embed.santiment.net/chart?ps=orca&amp;pt=ORCA&amp;df=2024-01-27T18%3A29%3A59.008Z&amp;dt=2024-07-27T18%3A29%3A59.008Z&amp;emcg=1&amp;emhwm=1&amp;wm=sentiment_volume_consumed_total%3Bsocial_dominance_total%3Bdev_activity&amp;wax=0%3B1%3B2&amp;wc=%23FF5B5B%3B%23FFCB47%3B%238358FF&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D%3B%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%2C%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
<p>Meanwhile, the social dominance data noted a speculative move and reverted from the top by 0.021%, implying a drop in the users’ discussions on social media platforms.</p> 
<p>Similarly, the development activity data noted minimal fluctuations and was around the 3.10 mark, guiding flattish growth aspects in the ecosystem.</p> 
<p>Amidst the significant price upmove, the on-chain metrics still directed the flat moves and guided no significant changes in the past few weeks.</p> 
<h2 class="wp-block-heading" id="h-futures-open-interest-data-show-a-rise"><strong>Futures Open Interest Data Show a Rise</strong></h2> 
<p>Following the impressive price rise, the open interest data spiked over 31.44% to $2.26 Million, noting a long buildup activity in the last 24 hours.</p> 
<p>If the ORCA token price fails to cross the $3 mark, it might reach its immediate support levels of&nbsp; $2.50 and $2. However, the key upside hurdles are around $3.20 and $3.80 if the price succeeds in sprinting beyond.</p> 
<p>Until the token crosses the $3.20 on a closing basis, the <strong>ORCA token </strong>could see a possible profit booking and can retest its 20-day EMA support zone. The signs of trend reversal and a breakout were visible, but a meaningful higher low formation was due before the next bullish leg.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/07/29/orca-price-rose-over-100-this-week-is-it-the-time-to-load-up/">ORCA Price Rose Over 100% This Week: Is It The Time To Load Up</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

ORCA Price Rose Over 100% This Week: Is It The Time To Load Up

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Thecoinrepublic.com

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