$ORCA has been showing some clear bearish signals on the daily chart lately, currently retesting that key structure from below. If it fails to hold here, we could see it slide further toward a new low around $1.20–$1.15. The volume on the downside has been pretty decent, which adds weight to this move.

ORCA

1.521

+2.97%

Still not a safe spot for buyers at all. The bulls need a convincing reclaim and close above $1.65 on the daily to really shift the momentum and open the door for a potential recovery. Until then, caution is key risk of more downside pressure remains high.