On the Solana blockchain, Orca is an Automated Market Maker (AMM) that operates as a decentralized exchange (DEX). It was among the first AMMs to be launched on the Proof of Stake (PoS) platform, capitalizing on Solana’s quick transaction times and low fees.
Orca offers an easy-to-use interface for trading cryptocurrencies on Solana. Its protocol is continually updated based on user feedback to ensure a simple but powerful experience for traders of all levels. The governance token ORCA is the native cryptocurrency of the Orca decentralized exchange and is linked to the DEX’s trading activity.
What is ORCUP?
The ORCUP token presale was officially launched on December 20th by the Orca Uprising team, offering a unique approach to the world of finance.
By incorporating humor, memes, and decentralization, the project aims to make finance more accessible and empowering for everyday investors. Rather than focusing solely on accumulating wealth, the Orca Uprising hopes to revolutionize finance by creating a sense of community and inclusivity.
The upcoming presale is an exciting opportunity for crypto enthusiasts to contribute to a more equitable financial future. The team has already developed a secure and transparent smart contract for the ORCUP token and built a strong social media presence.
In the next phase, the team plans to officially launch the token and form partnerships with influencers, content creators, and exchanges to raise mainstream awareness and accessibility.
Prediction of the ORCA Coin Price
The ORCA coin price has risen since the bullish investors broke a major resistance level of $0.936. Currently, the coin is trading at the level of $8.25. A resistance level of $8.77 bounds the current all-time high level of $9.15.
| Pivot | Classic | Fibonacci | Camarilla | Woodie |
| S3 | — | — | 2.670 | — |
| S2 | — | 1.134 | 2.946 | 0.100 |
| S1 | 1.741 | 1.845 | 3.222 | 1.975 |
| P | 2.995 | 2.995 | 2.995 | 3.112 |
| R1 | 4.753 | 4.146 | 3.774 | 4.987 |
| R2 | 6.007 | 4.857 | 4.050 | 6.125 |
| R3 | 9.020 | 6.007 | 4.327 | 7.999 |
If the bullish investors show some strength then the ORCA coin price can reach a physiological support level of $13.00. However, if the bears get a grip on the coin price, it may fall below the immediate support level of $2.53.
Conclusion
Orca is a decentralized exchange (DEX) and automated market maker (AMM) on the Solana blockchain. The ORCA coin has recently seen a rise since surpassing a major resistance level of $0.936.
Technical Levels
- Support Levels: $2.53 and $1.48.
- Resistance Levels: $8.77 and $13.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
Source: https://www.thecoinrepublic.com/2023/12/25/orca-coin-the-last-resistance-before-a-new-all-time-high/