In this Orion Protocol technical analysis, we will examine the current price action, trading volume, key levels and indicators for ORN-BTC. Orion Protocol is a decentralized platform that enables the creation and execution of financial instruments on top of blockchain technology. ORN is designed to provide users with access to a wide range of financial products and services, all within a secure and transparent ecosystem. With Orion Protocol, users can trade, invest, and manage their assets in a variety of innovative ways, all powered by the latest advancements in blockchain technology.
Orion Protocol Price Overview:
As of December 05, 2023, Orion Protocol is trading at approximately 2e-05 BTC. Let’s dive into the detailed price action for ORN-BTC:
| Metric | Value |
|---|---|
| Open (O) | 2e-05 |
| High (H) | 2e-05 |
| Low (L) | 2e-05 |
| Close (C) | 2e-05 |
| Volume (C) | 136,354.90 |
- Open (O): The opening price for today’s trading session was approximately 2e-05 BTC.
- High (H): Orion Protocol reached a daily high of around 2e-05 BTC.
- Low (L): The daily low for ORN-BTC was approximately 2e-05 BTC.
- Close (C): At the time of analysis, Orion Protocol is trading near its daily close of 2e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.86% |
| 3D Change (%) | -1.65% |
| 7D Change (%) | 3.58% |
| 30D Change (%) | -5.19% |
| 90D Change (%) | -13.22% |
| YTD Change (%) | -58.80% |
Over the past three days, ORNBTC has fallen by approximately -1.65%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 3.58%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ORNBTC maintaining a downward trend of approximately -5.19%, despite intermittent fluctuations. Examining the last 90 days, ORNBTC has witnessed substantial decrease of approximately -13.22%, reflecting strong long-term confidence. Year-to-date, ORNBTC has steadily dropped by around -58.80%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Orion Protocol Live Chart:
You can access a live price chart for ORN-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.53008.
- Momentum score is -0.05185.
ORN BTC Technical Analysis
Orion Protocol Trading Volume:
The trading volume for Orion Protocol (ORN) over the past 24 hours has been significant, with approximately 136,354.90 BTC traded against ORN. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): ORN is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Orion Protocol is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ORN-BTC is currently in the neutral zone, around 49.66014. This suggests that Orion Protocol is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Orion Protocol (ORN-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and significant trading volume are neutral signals for potential sideways movement.
Navigate Orion Protocol’s (ORNBTC) potential downturns at 1.79e-05 BTC with bearish technical analysis, emphasizing weakened support and cautionary indicators.
For a deeper dive into the subject, don’t miss our comprehensive analysis on ORN USDT Orion Protocol Technical Analysis if you found this post intriguing.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.