ORCAUSDT has been trading under a clear descending trendline resistance since late 2024, with multiple failed breakout attempts marked by sharp rejections. This trendline has consistently acted as a strong supply zone, pushing prices lower each time it was tested.
Key Points:
-Trend Resistance: Price is once again testing the long-term descending trendline. This level has rejected rallies multiple times in the past (January, March, May, and early August 2025).
-Volume Pickup: Recent price action shows increasing bullish volume, suggesting growing buying pressure as the resistance level is approached.
-Potential Breakout Setup: A strong daily close above $2.90 could signal a confirmed breakout, flipping long-term resistance into support.
Upside Target: If a breakout is confirmed, we could expect a 50%-200% move coming weeks
Risk Factor: A rejection from this zone could see price revisit support at $2.20–$2.00 before any renewed attempt higher.
Buy Level: Above $2.90 (After daily breakout)
ORCA is at a crucial decision point. This is the fifth test of the descending trendline since early 2025; a breakout now could trigger a significant bullish move, while another rejection may extend the consolidation phase.
Cheers
Hexa
Key Points:
-Trend Resistance: Price is once again testing the long-term descending trendline. This level has rejected rallies multiple times in the past (January, March, May, and early August 2025).
-Volume Pickup: Recent price action shows increasing bullish volume, suggesting growing buying pressure as the resistance level is approached.
-Potential Breakout Setup: A strong daily close above $2.90 could signal a confirmed breakout, flipping long-term resistance into support.
Upside Target: If a breakout is confirmed, we could expect a 50%-200% move coming weeks
Risk Factor: A rejection from this zone could see price revisit support at $2.20–$2.00 before any renewed attempt higher.
Buy Level: Above $2.90 (After daily breakout)
ORCA is at a crucial decision point. This is the fifth test of the descending trendline since early 2025; a breakout now could trigger a significant bullish move, while another rejection may extend the consolidation phase.
Cheers
Hexa
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
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🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.