The ORCA asset is demonstrating bearish weaknessThe ORCA cryptocurrency asset is currently exhibiting a bearish behavior and indicates that it has the potential to decline further. Its performance in the last month, and three months span has been quite poor, with a decrease of -30.08%, and -45.84% respectively, suggesting a consistent downward trend.
The ORCA crypto asset is currently showing a bearish trend and downward momentum as it falls below the major trend 20-day and 50-day EMA bands. Depending on the strength of the sellers' actions, it could potentially deteriorate even further.
The ORCA asset is demonstrating bearish weakness due to the MACD being below zero and the RSI being below the 50 median line at 42.91. This suggests that the ORCA asset is still in negative territory and has the potential to decline even further.
At the moment, the CMP stands at $2.75 with an intraday fall of 0.92% and is dominated by the bearish trendline on the daily chart. Therefore, the price is currently hovering near the critical $2.00 support level. If it fails to hold this level and drops further, the price could reach even lower support levels.
However, if the price surges from its current level due to an increase in buyer interest, it could reclaim the target levels of $4.00 and $5.00.
