In this technical analysis of the Orion Protocol, we will delve into the current price action, trading volume, key levels, and indicators for ORN-USDT. The Orion Protocol is a decentralized platform that enables seamless communication and asset transfer between diverse blockchain networks. Its native cryptocurrency, ORN, facilitates cross-chain transactions and provides access to a wide range of decentralized applications (dApps) within the Orion network. With its innovative approach to interoperability, the Orion Protocol has the potential to revolutionize the way we interact with various blockchain ecosystems, opening up new possibilities for users and developers alike.
Orion Protocol Price Overview:
As of July 19, 2024, Orion Protocol is trading at approximately 1.5144 USDT. Let’s dive into the detailed price action for ORN-USDT:
| Metric | Value |
|---|---|
| Open (O) | 1.5059 |
| High (H) | 1.5459 |
| Low (L) | 1.4872 |
| Close (C) | 1.5144 |
| Volume (C) | 139,083.20 |
- Open (O): The opening price for today’s trading session was approximately 1.5059 USDT.
- High (H): Orion Protocol reached a daily high of around 1.5459 USDT.
- Low (L): The daily low for ORN-USDT was approximately 1.4872 USDT.
- Close (C): At the time of analysis, Orion Protocol is trading near its daily close of 1.5144 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.45% |
| 3D Change (%) | -7.22% |
| 7D Change (%) | 0.60% |
| 30D Change (%) | -16.85% |
| 90D Change (%) | -5.74% |
| YTD Change (%) | 76.83% |
Over the past three days, ORNUSDT has experienced a decline of approximately -7.22%, indicating increased market volatility. Prior to this recent downturn, the cryptocurrency had been on an upward trajectory for the week, with a gain of around 0.60%, suggesting investor interest. A 30-day analysis provides a more comprehensive view, revealing a downward trend of approximately -16.85%. Looking further back at the last 90 days, ORNUSDT has witnessed a substantial fall of around -5.74%, reflecting a decline in long-term confidence. However, year-to-date, ORNUSDT has demonstrated steady growth, increasing by approximately 76.83%.
Orion Protocol Live Chart:
You can access a live price chart for ORN-USDT 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 0.85264.
- Momentum score is -0.06386.
ORN USDT Technical Analysis
Orion Protocol Trading Volume:
The trading volume for Orion Protocol (ORN) over the past 24 hours has been insignificant, with approximately 139,083.20 USDT 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-USDT is currently in the neutral zone, around 48.69182. This suggests that Orion Protocol is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Orion Protocol (ORN-USD) is currently displaying short-term bearish momentum, with key support and resistance levels garnering attention. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Furthermore, the neutral RSI reading and insignificant trading volume are indicative of a possible sideways movement.
Acknowledge bearish outlook for Orion Protocol (ORNUSDT) at 1.37 USDT with technical analysis, emphasizing weakened support and cautionary indicators.
Don’t overlook our detailed insights on ORN BTC Orion Protocol Technical Analysis if you found this post captivating; it’s a must-read for further exploration.
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.