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- ACX sees strong momentum with a 108.2% price surge, testing $1.40 resistance.
- ORCA’s 82.1% rise signals potential gains, but $7.10 resistance remains key.
- ACX’s $1.00 support level shows investor confidence, signaling further potential.
Binance listed two new tokens, Across Protocol (ACX) and Orca (ORCA), on its exchange. Starting December 6, both tokens became available for trading against the USDT stablecoin.
The official listing allows users to trade on pairs ACX/USDT and ORCA/USDT, with deposits now open. The market responded with notable price movements, with ACX surging by over 100% and ORCA also gaining significantly.
Across Protocol (ACX) Price Analysis
ACX made a dramatic price jump, increasing by 108.2% in just one day to reach $1.24. The price action began with a prolonged consolidation phase around $0.59-$0.60, signaling strong accumulation. This led to a breakout, pushing the price above the crucial $1.00 level, which often acts as a psychological barrier for investors.
The immediate resistance level for ACX is around $1.40. The price briefly retraced from this zone, suggesting the presence of selling pressure.
Traders should watch for any rejection at this resistance point. If the price stays above $1.00, there is potential for further gains, possibly targeting the $1.50-$1.60 range.
Source: Coinmarketcap
The $1.00 mark is now a critical support level, indicating strong investor confidence. In case of a downward movement, the $0.90-$0.95 zone could act as secondary support, where the price saw significant activity during the breakout.
Read also: Solana Memecoin Frenzy Cools Down After Binance Listing
Orca (ORCA) Price Trends and Market Outlook
ORCA also saw a remarkable surge, jumping 82.1% within 24 hours to reach a price of $6.96. Before this sharp rise, the token had been consolidating between $3.80 and $4.00, showing signs of accumulation. The breakout above key resistance levels at $5.00 and $6.00 marked strong upward momentum, drawing attention from traders and investors.
Source: Coinmarketcap
Currently, the price faces resistance in the $7.00-$7.10 range. This zone requires close attention, as a failure to sustain above it could result in a pullback or profit-taking.
On the downside, $6.00 acts as the immediate support level, close to the breakout point. If the price falls below this level, a further drop to the $5.50 mark could occur, testing the strength of the recent rally.
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