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Momentum indicators in the each day chart are closely stretched because of now’s rate surge. The Relative Power Index (RSI) now stands at 82 (intensely overbought) while the MACD’s histogram spiked to its best level considering that December, back again when ORCA hit its publish-election peak.
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Its market place cap may now be catching up with Raydium as it stands at $219 million immediately after now’s uptick. This is nearly half of what all circulating RAY tokens are value at some time.
Relocating to your charts, the ORCA/USD chart from copyright exhibits that the price retreated ideal soon after it touched the $six amount over the Asian session. This can be now the key resistance to look at For the remainder of the day as It's also a psychologically relevant threshold.
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