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/
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🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.