In the midst of the fluctuation in the crypto currency market, the South Korean -based crypto exchanges increased by more than 200 %after the list of Upbit’s listing. Upbit added the orca token to the list of KRW, BTC and USDT parity. In the meantime, analysts foresee a potential decline tendency in the price of orcha.
After the upbit listing, the price of solana dex orca jumped!
The South Korean crypto exchange Upbit announced the trade support for Orca’s local tokens Orca Orca Orca. Upbit said that on March 21, Orca’s local tokene, Orca’s Solana network, was listed as matched with KRW, BTC and USDT. In addition, the transactions will begin today, he said.
This announcement triggered a significant increase in the price of ORCA. Altcoin jumped out of $ 5.10 at a level of $ 1.55, which he watched during the day. Orca was traded for $ 4.17 with an increase of 163 %on a daily basis during the article. Meanwhile, the process volume of the token increased as extraordinary as 5.965 %. This reflects the interest of investors and traders to the token.
Orca daily price graph. Source: coinmarketcapDetails about listing
Upbit officially announced his support to Orca and will be implemented within two hours after the announcement. Users will be able to start trading within an hour. However, UPbit has applied some restrictions to provide a stable market. For example, UPbit will restrict purchasing orders for ORCA for the first five minutes. All orders except the limit orders will be restricted for an hour. In addition, sales order prices will be limited to 10 %below the closing price of the previous day.
UPbit’s orca listing came after the South Korean regulator increased his investigations on the stock market on the allegation that he had violated KYC rules. On the other hand, the UPbit operator Dunamu filed a lawsuit for the cancellation of the decision to stop FIU. Kriptokoin.comAs you have followed, recently South Korea has taken the initiative to strengthen its arrangements on the crypto area. South Korea’s FIU is investigating the activities of indifferent crypto exchanges such as Kucoin and Bitmex.
Future Trends of Orca Price: Expert Opinions
The text orca changes hands for $ 4.17 with a significant increase of 163 %in one day. In addition, the price of the orca experienced 172 %and 114 %significant increases during the last week and month, respectively. This positive tendency is now reflected in the amazing increase of 5,9652 %of the transaction volume of 355.7 million dollars. Therefore, an optimistic investor points to his sensitivity.
According to analysts or ORCA price estimates, it is possible to have a potential retreat in the token because the RSI token is currently being purchased excessively. According to the analyst GEMXBT, $ 3.50 is seen as a critical support level and $ 4.50 is a significant resistance level for the token price. Although it has emerged from a period of consolidation, it is ready for potential corrections.
