Join Our Telegram channel to stay up to date on breaking news coverage
The Orchid price prediction reveals that OXT could still follow the bullish movement, despite the recent price falls within the channel.
Orchid Prediction Statistics Data:
- Orchid price now – $0.112
- Orchid market cap – $110.15 million
- Orchid circulating supply – 979.78 million
- Orchid total supply – 1 billion
- Orchid Coinmarketcap ranking – #456
OXT (Orchid) has shown significant price fluctuations, with its all-time low of $0.04664 in June 2023 reflecting a +140.41% increase since then. However, it remains -88.97% off its all-time high of $1.02 in April 2021. In the past 24 hours, the price has traded between $0.1071 and $0.1128, highlighting some stability in the market. This performance exemplifies the potential for substantial returns in crypto markets, even amid price volatility, underscoring the importance of timing and research when investing.
OXT/USD Market
Key Levels:
Resistance levels: $0.145, $0.155, $0.165
Support levels: $0.085, $0.065, $0.045
The daily chart of Orchid (OXT/USD) offers a clearer picture of its price movements over the past year. One of the most striking features on this chart is the long-term falling wedge pattern, which had been forming for months. This bullish pattern, often a precursor to significant upward movements, finally broke out in November 2023. However, the breakout was followed by a period of consolidation within a descending channel that persisted until September 2024, stalling the anticipated rally.
Orchid Price Prediction: Would Orchid Hold Above $0.110?
Analyzing the daily chart further, the $0.112 resistance has served as a major pivot point. Several rejections at this level during past attempts to rally indicate a strong concentration of sell orders. However, it has also acted as support during bullish phases, making it a key psychological level for traders. The current price action suggests a renewed attempt to break above $0.120. A successful breakout could lead OXT/USD to the resistance levels of $0.145, $0.155, and $0.165.
Meanwhile, the Orchid price is currently hovering at the resistance level of $0.112 and the initial support could still be created below the previous low at $0.107. Once the coin eliminates this level, the sell-off may begin with the next focus on the $0.100 level. Therefore, if this support level drops further, the downward momentum could begin to snowball, and the next closest supports may be located at $0.085, $0.065, and $0.045 respectively.
On X (formerly Twitter), @SziTrapamoto highlighted a significant development for $OXT (Orchid), noting its breakout from a 490-day resistance level. Listed on all major exchanges, the token is showing strong buy indicators, making it an attractive opportunity. As a bonus, $OXT is gaining traction even as the broader market declines, with a weekly chart provided for reference to support this analysis.
easy. $oxt orchid- breakout of 490 day resistance. listed on ALL major exchanges. strong BUY indicators… also as a bonus it’s gaining while entire market is down. (weekly chart for reference) pic.twitter.com/uzJ6YrwaXu
— SziTrapamoto (@SziTrapamoto) December 20, 2023
OXT/BTC Ranges, Price May Break to the Upside
Against Bitcoin, buyers are making an effort to step back into the market as the coin is showing some promising signs toward the upside but the sellers are likely to increase the pressure if the price breaks below moving averages. Looking at the daily chart, if the price crosses above the upper boundary of the channel, the nearest resistance level could be located at 148 SAT and above.
Meanwhile, when looking from the downside, the nearest support level is below the 9-day moving average at 100 SAT. Therefore, any bearish movement beneath this may reach another support at 095 SAT. If the price drops further to create another low, lower support is located at 090 and below. The 9-day moving average is hovering above the 21-day moving average, which indicates that the market may follow the bullish movement.
Alternatives to Orchid
The daily chart of OXT/USD reflects a market at a critical juncture. A breakout above $0.120 could pave the way for further bullish momentum, with targets at $0.135. Conversely, failure to sustain above this level may lead to a retest of $0.065. Meanwhile, Pepe Unchained, a new cryptocurrency gained significant attention during its pre-sale phase, with whales making large investments, including single transactions exceeding $140,000. The project has already raised almost $58 million, highlighting its growing demand. Key features driving interest include its high utility, sound tokenomics, and meme-based branding centered on Pepe the Frog.
Pepe Unchained Could Launch Sooner Than Expected! Demand Is Exploding
With meme coins surging in popularity and historical patterns suggesting a potential bull market ahead, Pepe Unchained is strategically positioned to dominate this booming market. By investing now, you join a fast-growing community and gain early access to a project with strong fundamentals and unparalleled growth potential — don’t miss this opportunity.
Related News
Most Searched Crypto Launch – Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards – pepeunchained.com
- $40+ Million Raised at ICO – Ends December
Join Our Telegram channel to stay up to date on breaking news coverage
