ORCA/USDT has recorded a strong bullish movement, with an increase of 12.84% in the last session and 140% in 24 hours, reaching $4.00. In the 4-hour chart, the last candle is bullish and is above all moving averages.
The $4.00 level acts as a key resistance. If ORCA breaks it, it could head towards $4.50 or $5.00. On the other hand, it broke a support at $3.25 and touched a low of $3.10, indicating an increase in selling pressure.
To confirm the trend, traders should watch for breakouts above $4.00 or drops below $3.50 as re-entry opportunities. The correlation with BTC and XRP could favor its price.
Although the trend remains bullish, it is key to monitor the market and manage risks, as investing in cryptocurrencies carries volatility.
