The Orchid price prediction shows that OXT is likely to cross above the 21-day moving average as the coin shoots to the upside.
Orchid Prediction Statistics Data:
- Orchid price now – $0.087
- Orchid market cap – $58.4 million
- Orchid circulating supply – 690.6 million
- Orchid total supply – 1 billion
- Orchid Coinmarketcap ranking – #288
Resistance levels: $0.110, $0.120, $0.130
Support levels: $0.065, $0.055, $0.045
OXT/USD is currently trading at $0.084 after touching the daily high at $0.093 and is likely to climb above the 21-day moving average if the buyers put in more effort. However, in case the buyers were able to push the price above the resistance level of $0.100, it is likely for the daily candlestick to close above this level, and the price could rally toward the upper boundary of the channel.
Orchid Price Prediction: Orchid Could Rally to the Upside
According to the daily chart, the Orchid price is moving close to the resistance level of $0.100 as the coin prepares to create an additional gain. The technical indicator Relative Strength Index (14) is also moving to cross above the 50-level with the signal line pointing up to indicate a buy signal.
Nevertheless, if the buyers were able to push the price above the moving averages, the Orchid price may rally towards the upper boundary of the channel to hit the potential resistance levels of $0.110, $0.120, and $0.130 while crossing below the lower boundary of the channel could bring the coin to the supports at $0.065, $0.055, and $0.045 respectively.
Against Bitcoin, the Orchid is also following a bullish surge, and it may swing high to cross above the upper boundary of the channel which could locate the resistance level of 600 SAT and above. On the other hand, if the market price crosses below the 9-day and 21-day moving averages, it could reach the support level of 950 SAT and below.
However, the technical indicator Relative Strength Index (14) is currently crossing above the 60-level as the signal line points to the north to confirm the bullish movement. Moreover, any further bullish movement may create additional gains above the channel.
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