π ORN has recently undergone significant market dynamics. Presently, ORN is encountering resistance at a local resistance area.
π If ORN successfully breaks above this resistance and closes above it daily, it could signal further upward movement for the price, potentially reaching our target area.
π However, if ORN fails to break above the resistance soon, there is a possibility that the price will decline and retest the demand area around $1.38 to gather new momentum.
π Upon reaching the demand area, ORN must bounce if it intends to continue its upward trajectory. However, if ORN breaks below the demand area, it could indicate a bearish trend reversal, leading to further downward movement in price.
π If ORN successfully breaks above this resistance and closes above it daily, it could signal further upward movement for the price, potentially reaching our target area.
π However, if ORN fails to break above the resistance soon, there is a possibility that the price will decline and retest the demand area around $1.38 to gather new momentum.
π Upon reaching the demand area, ORN must bounce if it intends to continue its upward trajectory. However, if ORN breaks below the demand area, it could indicate a bearish trend reversal, leading to further downward movement in price.
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