- ORCA is forming higher lows since mid-July, showing growing buyer interest.
- Price faces strong resistance between $2.75–$2.90, holding inside a bullish setup.
- A breakout above $2.80 may lead to $3.20, while a drop below trendline could hit $2.00.
ORCA is showing signs of a bullish breakout as it trades within a tightening triangle, with buyers eyeing the key $2.80 resistance level. Currently trading at $2.30, ORCA has seen a slight 0.58% daily gain despite a 3.26% dip over the past week, keeping traders on high alert.
ORCA Builds Bullish Structure on Daily Chart
ORCA is shaping up for a potential breakout as the price forms a strong ascending triangle pattern. This setup is often seen in bullish markets and forms when buyers keep stepping in at higher levels while sellers hold the price down at a fixed resistance.
According to Alpha Crypto Signal, ORCA has been creating higher lows since mid-July, forming a rising trendline that has supported the price multiple times. This steady climb suggests accumulation by buyers, even as the price faces resistance in the $2.75 to $2.90 zone.
As at press time ORCA is trading near $2.30, below the 9-day EMA ($2.317) and the 50-day SMA ($2.328). There is some short-term weakness, but as long as the price stays above the trendline bulls are in control.
A clean breakout above $2.80–$2.90 could open a rally toward $3.20 or even higher.
Market Cap and Price Show Similar Moves
Between September 12 and 14, ORCA’s market cap jumped from around $135 million to over $155 million, showing strong bullish momentum. But the rally was short-lived, with a fast drop back to about $125 million by September 16 — a 19% drop in just two days.
This pullback was followed by a slow recovery, with the market cap bouncing back to above $140 million by September 19. The price showed a similar trend — moving from $2.20 to a high of $2.65, then dropping to $2.15 before recovering to around $2.30.
Volume picked up during the bounce, showing some buyers may be coming back in. But momentum is fading, and the price is now moving sideways in a tight range.
What Traders Should Watch
With the ascending triangle tightening, a breakout is likely coming soon. If ORCA breaks above $2.80 with strong volume, the bulls could take charge. But if the price drops below the trendline, a move down to $2.00 support is possible.
