Orca merges with Loopscale: From $2 to $3.2, can it hold above $2.4 on the pullback?
Solana decentralized exchange $ORCA and lending protocol Loopscale are merging to form Formation, bringing trading, lending, and vaults together, with a focus on financing AI, energy, robotics, and defense
Although the merger terms have not yet been announced, both the ORCA and xORCA networks will remain
ORCA rallied from around $2 this week, peaking at about $3.19–$3.27 on October 6 before pulling back
Near-term support is at $2.30–$2.50, with resistance first at $2.73, followed by the previous high of $3.20
The current price is around $2.44, down about 10% over 24 hours. If it holds above $2.30, it may consolidate between $2.40 and $2.70; if it falls below that level, it could retest $2.00
Solana decentralized exchange $ORCA and lending protocol Loopscale are merging to form Formation, bringing trading, lending, and vaults together, with a focus on financing AI, energy, robotics, and defense
Although the merger terms have not yet been announced, both the ORCA and xORCA networks will remain
ORCA rallied from around $2 this week, peaking at about $3.19–$3.27 on October 6 before pulling back
Near-term support is at $2.30–$2.50, with resistance first at $2.73, followed by the previous high of $3.20
The current price is around $2.44, down about 10% over 24 hours. If it holds above $2.30, it may consolidate between $2.40 and $2.70; if it falls below that level, it could retest $2.00