$ORCA /USDT Short-term Technical Analysis (15-Minute Chart)
ORCA is currently hovering around 1.124, having sharply retraced from 1.203. This wave of market movement typically shows an explosive momentum to the upside, followed by orderly distribution and pullback.
Market Structure
ORCA strongly surged to the high of 1.203, then entered a pattern of decreasing high points and low points. Recently, it bottomed at 1.113, establishing a short-term local low, and the price is now testing a slight rebound.
Moving Average Trends
The price remains below MA(7), MA(25), and MA(99), indicating a short-term bearish stance. MA(7) continues to slope downwards, and momentum is weak. To reverse this trend, it needs to reclaim the 1.145–1.150 range.
Support and Demand Zones
• 1.113–1.105: Key intraday support (recent lower shadow low)
Holding this area allows for some room for a rebound; a clean break below 1.105 would see it heading straight to 1.08 for further declines.
Resistance and Supply Zones
• 1.145–1.150: Moving average stack + slight supply
• 1.168–1.175: Strong rejection zone
• 1.20+: Major supply barrier, difficult to break without significant volume
Short-term Operations: Watch the 1.105 support, short if it breaks; a rebound to 1.145 may be a good opportunity for a short position. DYOR!
$PIPPIN
