Volume Perdagangan Orca Melonjak 926% Saat Harga Naik 57%: Apa Penyebabnya?
Orca Trading Volume Skyrockets 926% as Price Climbs 57%: What’s Behind the Momentum? https://cryptonews.com/news/orca-trading-volume-skyrockets-926-as-price-climbs-57-whats-behind-the-momentum/

Orca Trading Volume Skyrockets 926% as Price Climbs 57%, What's Behind the Momentum?

Orca, a decentralized exchange (DEX) on the Solana network, has witnessed an explosive 926% surge in trading volume over the past 24 hours, pushing its price up by 57% to a session high of $3.23 before stabilizing at around $3.07. The Significant increase in trading volume and price has raised questions about what's driving this momentum.

Orca's Ecosystem and Competitive Edge in Solana DEX Space

Orca, launched in February 2021, is one of the earliest and most user-friendly AMMs (automated market makers) on the Solana blockchain. It allows users to swap tokens, provide liquidity, and earn yield, catering to both new and seasoned DeFi users. Orca has consistently trailed only Raydium in Solana's DEX rankings, outperforming rivals like Meteora.

Orca utilizes "Aquafarms," liquidity pools where users stake assets and earn rewards in $ORCA tokens. Current yields for liquidity providers reach up to 9.30% APY, incentivizing consistent trading activity and liquidity provision.

What's Driving Orca and Solana's DEX Momentum?

Solana's rapid transaction throughput is a key driver of its ecosystem growth. During the recent launch of the President Trump memecoin ($TRUMP), the network processed 54.6 million transactions in a single day, dwarfing other blockchains that remain under the 10 million mark.

Furthermore, Solana's low transaction fees have made it the chain of choice for many DEXs and consumer-facing applications, offering frequent traders and developers a cost-efficient solution.

Technical Analysis: $ORCA Breaks Out, Targets Higher Resistance Zone

The 4-hour chart of $ORCA/$USDT shows that the token traded within a narrow band between approximately $2.60 and $2.90. However, this period of accumulation has now given way to a significant upward move, as the price surged over 25% in a single candle, reaching a session high of $3.23 before settling around $3.07.

The breakout was not entirely unexpected, as it was preceded by two clear, bullish divergences on the RSI Divergence Indicator. The Relative Strength Index (RSI) now stands at 82.22, indicating that the asset is in overbought territory. While this underscores the strength of the move, it also suggests that the market may be due for a short-term pullback or at least some sideways consolidation.

Moreover, $ORCA is still testing a major resistance zone between $3.05 and $3.70. A clean break above this range could open the door to the $4.00–$5.00 level, provided volume stays elevated and sentiment remains optimistic.