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

The
Orchid
price
prediction
reveals
that
OXT
could
still
follow
the
bullish
movement,
despite
the
recent
price
falls
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

OXT
(Orchid)
has
shown
significant
price
fluctuations,
with
its
all-time
low
of
$0.04664
in
June
2023
reflecting
a
+140.41%
increase
since
then.

However,
it
remains
-88.97%
off
its
all-time
high
of
$1.02
in
April
2021.
In
the
past
24
hours,
the
price
has
traded
between
$0.1071
and
$0.1128,
highlighting
some
stability
in
the
market.
This
performance
exemplifies
the
potential
for
substantial
returns
in
crypto
markets,
even
amid
price
volatility,
underscoring
the
importance
of
timing
and
research
when
investing.

OXT/USD
Market

Key
Levels:

Resistance
levels:
$0.145,
$0.155,
$0.165

Support
levels:
$0.085,
$0.065,
$0.045

The
daily
chart
of
Orchid
(OXT/USD)
offers
a
clearer
picture
of
its
price
movements
over
the
past
year.
One
of
the
most
striking
features
on
this
chart
is
the
long-term
falling
wedge
pattern,
which
had
been
forming
for
months.
This
bullish
pattern,
often
a
precursor
to
significant
upward
movements,
finally
broke
out
in
November
2023.
However,
the
breakout
was
followed
by
a
period
of
consolidation
within
a
descending
channel
that
persisted
until
September
2024,
stalling
the
anticipated
rally.

Orchid
Price
Prediction:
Would
Orchid
Hold
Above
$0.110?

Analyzing
the
daily
chart
further,
the
$0.112
resistance
has
served
as
a
major
pivot
point.
Several
rejections
at
this
level
during
past
attempts
to
rally
indicate
a
strong
concentration
of
sell
orders.
However,
it
has
also
acted
as
support
during
bullish
phases,
making
it
a
key
psychological
level
for
traders.
The
current
price
action
suggests
a
renewed
attempt
to
break
above
$0.120.
A
successful
breakout
could
lead
OXT/USD
to
the
resistance
levels
of
$0.145,
$0.155,
and
$0.165.

Meanwhile,
the
Orchid
price
is
currently
hovering
at
the
resistance
level
of
$0.112
and
the
initial
support
could
still
be
created
below
the
previous
low
at
$0.107.
Once
the
coin
eliminates
this
level,
the
sell-off
may
begin
with
the
next
focus
on
the
$0.100
level.
Therefore,
if
this
support
level
drops
further,
the
downward
momentum
could
begin
to
snowball,
and
the
next
closest
supports
may
be
located
at
$0.085,
$0.065,
and
$0.045
respectively.

On
X
(formerly
Twitter),
@SziTrapamoto
highlighted
a
significant
development
for
$OXT
(Orchid),
noting
its
breakout
from
a
490-day
resistance
level.
Listed
on
all
major
exchanges,
the
token
is
showing
strong
buy
indicators,
making
it
an
attractive
opportunity.
As
a
bonus,
$OXT
is
gaining
traction
even
as
the
broader
market
declines,
with
a
weekly
chart
provided
for
reference
to
support
this
analysis.

easy.

$oxt
orchid-
breakout
of
490
day
resistance.
listed
on
ALL
major
exchanges.
strong
BUY
indicators…
also
as
a
bonus
it’s
gaining
while
entire
market
is
down.
(weekly
chart
for
reference)

pic.twitter.com/uzJ6YrwaXu

—
SziTrapamoto
(@SziTrapamoto)

December
20,
2023

OXT/BTC
Ranges,
Price
May
Break
to
the
Upside

Against
Bitcoin,
buyers
are
making
an
effort
to
step
back
into
the
market
as
the
coin
is
showing
some
promising
signs
toward
the
upside
but
the
sellers
are
likely
to
increase
the
pressure
if
the
price
breaks
below
moving
averages.
Looking
at
the
daily
chart,
if
the
price
crosses
above
the
upper
boundary
of
the
channel,
the
nearest
resistance
level
could
be
located
at
148
SAT
and
above.

Meanwhile,
when
looking
from
the
downside,
the
nearest
support
level
is
below
the
9-day
moving
average
at
100
SAT.
Therefore,
any
bearish
movement
beneath
this
may
reach
another
support
at
095
SAT.
If
the
price
drops
further
to
create
another
low,
lower
support
is
located
at
090
and
below.
The
9-day
moving
average
is
hovering
above
the
21-day
moving
average,
which
indicates
that
the
market
may
follow
the
bullish
movement.

Alternatives
to
Orchid

The
daily
chart
of
OXT/USD
reflects
a
market
at
a
critical
juncture.
A
breakout
above
$0.120
could
pave
the
way
for
further
bullish
momentum,
with
targets
at
$0.135.
Conversely,
failure
to
sustain
above
this
level
may
lead
to
a
retest
of
$0.065.
Meanwhile,
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Unchained,
a
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gained
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with
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including
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transactions
exceeding
$140,000.
The
project
has
already
raised
almost
$58
million,
highlighting
its
growing
demand.
Key
features
driving
interest
include
its
high
utility,
sound
tokenomics,
and
meme-based
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centered
on
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the
Frog.

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Unchained
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