$ORCA has seen a price drop of 3.432% in the past 24 hours, reflecting a broader downtrend.
The price range of 1.973 to 1.845 indicates increasing volatility, with the current price near the lower Bollinger Band of 1.855.
Strong support is at 1.845, while resistance at 1.973 may hold amid bearish sentiment.
Macroeconomic factors such as inflation data continue to exert pressure on risk assets, including cryptocurrencies.
Currently, Bitcoin's influence on ORCA's price action is unclear, suggesting independent fluctuations.
Traders might prefer a short-term strategy to capitalize on volatility, as the overall trend remains unfavorable.
Key takeaway: Monitor economic indicators closely, as they could dictate ORCA’s near-term direction.
