Summary
• ORCAUSDT drifted between $1.123 and $1.156 with a bullish 5-minute engulfing pattern at session highs.
• RSI and MACD signaled overbought conditions near $1.155, followed by a pullback and consolidation.
• Volume spiked near $1.149, but trailing 5-minute turnover remained moderate, suggesting mixed conviction.
Price Action and Volume
Orca/Tether (ORCAUSDT) opened at $1.125 on December 12, touched a high of $1.156, and closed at $1.136 on December 13, with a low of $1.123. The total volume for the 24-hour period was approximately 79,643.09 units, while the notional turnover was around $90,279.12.
Structure & Patterns
Price saw a sharp rally from $1.134 to $1.156, with a bullish engulfing candle at $1.155–$1.149 indicating a potential short-term reversal.
A bearish consolidation followed, with price retesting $1.135–$1.140. Key support levels appear to be forming around $1.132–$1.135, while resistance remains at $1.140–$1.145.
Moving Averages and Momentum
On the 5-minute chart, the 20-period and 50-period moving averages crossed above price, suggesting short-term bullish momentum. The RSI reached overbought territory near $1.155 but has since cooled into neutral to slightly overbought levels. MACD showed positive divergence at the peak before turning neutral, hinting at potential bearish pressure.
Volatility and Fibonacci
Volatility expanded during the $1.134–$1.156 move, with Bollinger Bands widening. Price currently resides near the 50% Fibonacci retracement of the last bullish swing, suggesting a potential turning point. A break below $1.132 may signal a
of the 61.8% level at around $1.128.
Looking ahead, ORCAUSDT appears poised for a potential pullback to test the $1.132–$1.135 range. However, traders should remain cautious as consolidation could shift momentum at any time.
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