Orchid Price Prediction for Today, November 29 – OXT Technical Analysis

Orchid Price Prediction: Bullish Momentum Despite Recent Dip

The Orchid price prediction indicates that OXT could maintain its bullish trend despite recent price fluctuations 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

Orchid (OXT) has experienced notable price fluctuations, reaching an all-time low of $0.04664 in June 2023 and subsequently rising by +140.41%. However, it remains -88.97% below its all-time high of $1.02 in April 2021. Within the past 24 hours, the price has ranged between $0.1071 and $0.1128, suggesting market stability.

OXT/USD Market Key Levels:

• Resistance levels: $0.145, $0.155, $0.165
• Support levels: $0.085, $0.065, $0.045

OXT/USD Daily Chart:

The OXT/USD daily chart reveals a long-term falling wedge pattern that broke out in November 2023. However, the breakout was followed by consolidation within a descending channel until September 2024, hindering the anticipated rally.

Orchid Price Prediction: Holding Above $0.110

The $0.112 resistance has been a pivot point. Rejections at this level indicate seller concentration. However, it has also acted as support, making it a psychological barrier for traders. The current price action suggests an attempt to break above $0.120, potentially leading to resistance levels of $0.145, $0.155, and $0.165.

Conversely, the price may retrace to previous support at $0.107. If this level falls, the sell-off may begin, with support levels at $0.100, $0.085, $0.065, and $0.045.

OXT/BTC Ranges and Potential Upside Breakout

Against Bitcoin, buyers are attempting to enter the market, while sellers may increase pressure if the price breaks below moving averages. The upper boundary of the channel resistance is at 148 SAT, while support below the 9-day moving average is at 100 SAT. A drop below 100 SAT may lead to support at 095 SAT and 090 SAT.

Alternatives to Orchid

Pepe Unchained, a new cryptocurrency, has gained attention during its pre-sale phase. Whales have made significant investments, and the project has raised almost $58 million. Its high utility, sound tokenomics, and meme-based branding contribute to its growing demand.

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