Orca’s recent drop to 1.32 USD occurred alongside an 856% surge in trading volume and a 69.22% increase in open interest, highlighting significant volatility.
Despite this decline, strong buyer interest in the 1.22 USD to 1.04 USD range suggests a potential for recovery, as buyers previously reacted positively at these levels.
Maintaining support at this wedge floor is crucial; should Orca reclaim 1.57 USD, it could unlock upward momentum towards resistance levels at 2.07 USD, 2.49 USD, and 3.00 USD.
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