Is $10 Next In Oraichain (ORAI)?
The ORAI ranked 412th on Coingecko and it has gained 18.5% this week. After a long deterioration, the last seven days' price behaviors showed a bullish nature from an important demand zone.
The price action has built a declining wedge, and the coinciding support of the lower border of the wedge with the demand zone increased the confidence of bulls in the asset.
The recent surge this week has pierced the 20-day EMA band and now approaches 50-day and 200-day EMA. Based on the momentum, it can charge ahead for the wedge's upper border.
