ORN USDT Orion Protocol Technical Analysis

Orion Protocol logo In this Orion Protocol technical analysis, we will examine the current price action, trading volume, key levels and indicators for ORN-USDT. ORN is a decentralized exchange that provides users with a secure, trustless, and permissionless platform for trading cryptocurrencies. ORN’s innovative features include atomic swaps, decentralized governance, and cross-chain interoperability, making it an attractive option for traders looking for a reliable and user-friendly exchange experience. With its strong focus on security and scalability, ORN is poised to become a leading player in the cryptocurrency market.

Orion Protocol Price Overview:

As of October 02, 2023, Orion Protocol is trading at approximately 0.5183 USDT. Let’s dive into the detailed price action for ORN-USDT:

Metric Value
Open (O) 0.5329
High (H) 0.5352
Low (L) 0.5149
Close (C) 0.5183
Volume (C) 748,708.70
  • Open (O): The opening price for today’s trading session was approximately 0.5329 USDT.
  • High (H): Orion Protocol reached a daily high of around 0.5352 USDT.
  • Low (L): The daily low for ORN-USDT was approximately 0.5149 USDT.
  • Close (C): At the time of analysis, Orion Protocol is trading near its daily close of 0.5183 USDT.
Metric Value
1D Change (%) -2.74%
3D Change (%) -1.07%
7D Change (%) -1.13%
30D Change (%) 0.95%
90D Change (%) -26.63%
YTD Change (%) -27.81%

Over the past three days, ORNUSDT has decreased by approximately -1.07%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -1.13%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ORNUSDT maintaining an upward trend of approximately 0.95%, despite intermittent fluctuations. Examining the last 90 days, ORNUSDT has witnessed substantial decline of approximately -26.63%, reflecting strong long-term confidence. Year-to-date, ORNUSDT has steadily decreased by around -27.81%, 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-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 0.42932.
  • Momentum score is 0.00954.

ORN USDT Technical Analysis

Orion Protocol Trading Volume:

The trading volume for Orion Protocol (ORN) over the past 24 hours has been significant, with approximately 748,708.70 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 low zone, around 44.00897. This suggests that Orion Protocol is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Orion Protocol (ORN-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.

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.