Why is Orbler (ORBR) Price Pumping? Technical Indicators signal Potential for further Pump

Orbler’s native token ORBR has seen significant gains today, with the price increasing 20.73% in the last 24 hours to $0.386881, according to CoinCodex. While ORBR is still 99% below its all-time high of $44.26 in April 2022, the latest pump indicates renewed interest in the Orbler ecosystem.

Besides the price hike, ORBR’s trading volume has spiked to $317,679 over the last day. Additionally, Orbler currently has a market capitalization of $392.91 million. Significantly, the Fear and Greed index sits at 60, demonstrating greed and bullish sentiment among investors.

According to technical indicators from TradingView, ORBR could see further upward momentum in the short term. The relative strength index (RSI) on the 1-day price chart is 67.93, signalling Orbler is slightly overbought. Hence, a minor pullback may occur before further gains. 

Moreover, the moving average convergence divergence (MACD) illustrates building momentum in the upside price movement. However, if momentum declines, a MACD crossover event could prompt a trend reversal.

Additionally, ORBR’s long-term, medium-term, and short-term trends remain positive, as shown by the 200-day, 100-day, and 50-day exponential moving averages. This overall bullishness, paired with the overbought RSI, points to the potential for a small correction followed by continued growth.

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In summary, Orbler’s ORBR pump stems from increasing trade volumes, market dominance, and overall positive sentiment. Technical factors also indicate further upside for ORBR after a possible minor pullback. Investors seem optimistic about Orbler’s future growth prospects.

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Samuel Munene
Samuel Munene

Samuel is a vesatile and seasoned content editor with a sharp eye for detail and a passion for writing. Web3 techonology is the future! With massive experience in the publishing industry, I specialize in refining and enhancing written material to ensure clarity, coherence, and engaging narratives.

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