Orchid Price Prediction for Today, December 22

Orchid Price Prediction for Today, December 22 – OXT Technical Analysis

Updated: 04 January 2024

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The Orchid price prediction reveals that OXT may continue to follow the bullish movement, despite the recent price falls that hit the market.

Orchid Prediction Statistics Data:

Orchid price now – $0.099
Orchid market cap – $97.4 million
Orchid circulating supply – 979.3 million
Orchid total supply – 1 billion
Orchid Coinmarketcap ranking – #361

OXT/USD Market

Key Levels:

Resistance levels: $0.115, $0.120, $0.125

Support levels: $0.080, $0.075, $0.070

Orchid Price Prediction for Today, December 22 – OXT Technical Analysis — OXTUSD – Daily Chart

OXT/USD is likely to hold a gain above the 9-day and 21-day moving averages as the price faces the resistance level of $0.100. At the time of writing, the Orchid price is recovering above $0.095, and the coin could begin another bullish movement which could lead to the main resistance level at $0.110.

Orchid Price Prediction: Would Orchid Hold Above $0.110?

Looking at the daily chart, the Orchid price is currently hovering at the resistance level of $0.099 as the initial support could be located below the previous low at $0.092. Meanwhile, once the coin eliminates this level, the sell-off may begin with the next focus on the $0.090 level. Therefore, if this support level drops further, the downward momentum could begin to snowball, and the next closest supports may be located at $0.080, $0.075, and $0.070.

Nevertheless, bulls must realize the need to head toward the upper boundary of the channel before they can get to the potential resistance levels. Above this barrier, traders may consider a sustained move for the extended recovery to the resistance levels of $0.115, $0.120, and $0.125. Meanwhile, the 9-day moving average remains above the 21-day moving average, which could give additional bullish signals to the market.

OXT/BTC May Head to the Upside

Against Bitcoin, buyers are making an effort to step back into the market as the Orchid price moves to cross above the upper boundary of the channel. Looking at the daily chart, if the price crosses above the channel, the nearest resistance level could be located at 260 SAT and above.

However, looking from the downside, the nearest support level could form below the 21-day moving average at 200 SAT. Therefore, any bearish movement beneath this may reach another support at 190 SAT. If the price drops further to create another low, lower support is located at 180 and below.

Alternatives to Orchid

The Orchid price is trading close to the resistance level of $0.100 as the coin moves to cross above the upper boundary of the channel. However, the Orchid price may continue to move upward if the price keeps hovering above the moving averages. Meanwhile, OXT/USD could reach the resistance level of $0.110 if the bulls increase the pressure.

At this very instant, the Orchid (OXT) is attempting to for more gains, with a market cap of $97.4m, ranking 361st in the crypto world, the Orchid may not be able to gather enough profit because of its huge market cap but traders have their eyes fixed on an astounding cryptocurrency making a significant impact. Bitcoin Minetrix (BTCMTX) distinguishes itself as a unique Bitcoin alternative. Impressively, this token has already accumulated almost $5.8 million in its presale as traders are urged to consider investment options.

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