$ORCA Update: Deep Discount or Falling Knife?

Current Situation:

$ORCA is trading at $1.0447, down 11.32% in the last 24 hours. Looking at the 12-hour chart, we can see the price has dropped well below the orange line (Lower Bollinger Band at $1.0750). When prices fall this far below their normal trading range, it usually signals panic selling.

The Key Signal:

Check out that RSI reading at the bottom of the chart—it's sitting at just 8.51. This is extremely low. Think of RSI like a battery meter for buying and selling pressure. Below 30 means oversold, but single digits? That's rare. It means sellers are completely worn out, and there's hardly anyone left to push the price lower.

What the Chart is Telling Us:

The overall trend is still pointing down—no sugarcoating that. But notice how far the price has stretched away from those bands? Like a rubber band pulled too tight, prices often snap back toward the middle after getting this extended.

The Smart Approach:

Nobody rings a bell at the bottom. Trying to time the exact low is a losing game. However, if you're building a long-term position and prefer buying when fear is high and prices are deeply discounted, these levels are historically significant.

Bottom Line:

Maximum fear often creates maximum opportunity—but only if you're patient, disciplined, and never risking more than you can afford to lose.

What's your take on ORCA at these levels? 👇

#ORCA #CryptoTrading #TechnicalAnalysis #GateIo