• Orchid price prediction shows that OXT is attempting to cross above the upper boundary of the channel to hit the higher resistance.
• The Orchid price not staying above $0.11 may ruin the long-term technical picture of the coin.
• Orchid is likely to trend to the upside and a bullish movement above the upper boundary of the channel may likely push the coin to the resistance levels of $0.13, $0.14, and $0.15.
The Orchid price prediction is looking positive as OXT is attempting to cross the upper boundary of the channel to hit the higher resistance. As the price of the Orchid reaches $0.11, it begins to retreat from the upside, however, it is important for the coin to stay above the 9-day and 21-day moving averages in order to guide against the downward pressure. The closest support for the coin is expected at $0.10, which could be a daily low.
For the Orchid to hit higher resistance levels of $0.13, $0.14 and $0.15, it is likely to trend to the upside and a bullish movement above the upper boundary of the channel is needed. On the downside, a bearish movement below the 9-day and 21-day moving averages could stop the initial upward movement and create bearish momentum with the focus to bring the market to the next support levels of $0.07, $0.06, and $0.05.
The Orchid price prediction shows that OXT is attempting to cross the upper boundary of the channel to hit higher resistance levels. This could be a positive sign for the coin as it could indicate that the price is looking to increase in the short-term. However, it is important for the coin to stay above the 9-day and 21-day moving averages in order to stay on track and prevent a downward trend. If the Orchid can cross the upper boundary of the channel and stay above it, it could potentially reach the resistance levels of $0.13, $0.14, and $0.15. However, if the coin is unable to stay above the 9-day and 21-day moving averages, it could fall to the next support levels of $0.07, $0.06, and $0.05.
Overall, the Orchid price prediction shows that OXT is attempting to cross the upper boundary of the channel to hit higher resistance levels. It is important for the coin to stay above the 9-day and 21-day moving averages in order to stay on track and prevent a downward trend. If the Orchid can cross the upper boundary of the channel and stay above it, it could potentially reach the resistance levels of $0.13, $0.14, and $0.15. However, if the coin is unable to stay above the 9-day and 21-day moving averages, it could fall to the next support levels of $0.07, $0.06, and $0.05.
