If you’re thinking of entering $ORCA now, these are the key levels to watch before making a decision.
The coin is still benefiting from a clear short squeeze, and current data supports continued pressure on sellers:
Funding is negative at -0.2142, while Open Interest has risen to 4.62M, alongside a positive Spot CVD at 1.697M. This means spot demand is still helping push the price and force short positions to liquidate.
Technically, the price is around $2.83 and is still holding its uptrend. Most importantly, it’s above the 50 MA at $2.68.
📈 If $ORCA holds $2.68 and the uptrend:
🎯 Target 1: $3.00
🎯 Target 2: $3.20
🎯 Target 3: $3.40
But $2.68 is a level I don’t want to ignore.
If the uptrend breaks and the price closes below the 50 MA at $2.68, the outlook shifts from a continuing short squeeze to a deeper correction, and we could see a retest of:
200 MA ≈ $2.26 + the main support/uptrend zone.
The coin is still benefiting from a clear short squeeze, and current data supports continued pressure on sellers:
Funding is negative at -0.2142, while Open Interest has risen to 4.62M, alongside a positive Spot CVD at 1.697M. This means spot demand is still helping push the price and force short positions to liquidate.
Technically, the price is around $2.83 and is still holding its uptrend. Most importantly, it’s above the 50 MA at $2.68.
📈 If $ORCA holds $2.68 and the uptrend:
🎯 Target 1: $3.00
🎯 Target 2: $3.20
🎯 Target 3: $3.40
But $2.68 is a level I don’t want to ignore.
If the uptrend breaks and the price closes below the 50 MA at $2.68, the outlook shifts from a continuing short squeeze to a deeper correction, and we could see a retest of:
200 MA ≈ $2.26 + the main support/uptrend zone.
