ORCA Price Soars 200% Following Upbit Listing of Solana DEX Token

ORCA Coin Price Prediction Soars Following Upbit Exchange Announcement

The killer whale cryptocurrency ORCA has been enjoying a high-water mark 200% surge over the past 24 hours. The coin burst past the $5 range on March 21, the first time this year its price has hit that mark; the cryptocurrency is currently hovering near $4.45, marking its highest price since December 2024.

What Triggered ORCA’s Massive Surge?

The altcoin had been hovering below the $2 mark for much of the past month, with slightly above-average volatility. However, the announcement of Upbit listing on March 21 at 17:00 KST sparked immediate investor interest, and within hours trading volume was skyrocketing, creating a new yearly high for the token.

Key Catalysts Behind ORCA’s Price Surge:

Upbit Listing: Increased liquidity and accessibility for Korean investors.

High Volume Trading: The derivatives volume of crypto rose 38,492.06% to $1.53 billion, according to Coinglass.

Institutional Interest: Open interest (+1.747%) surged to $82.93 million on strong speculative pressure.

Solana ecosystem growth: ORCA is the 10th largest Solana-based decentralized exchange (DEX), according to DefiLlama, with a total value locked (TVL) of around $247.66 million.

ORCA Price Analysis: Key Support and Resistance Levels

Daily chart ORCA/USDT shows a swift move up, the token reached $4.336 before taking a slight retracement. The relative strength index (RSI) lines up at 84.03, which suggests overbought conditions, and perhaps a pullback or consolidation could occur (the MACD line is still positive) with an upward trend still expected.

Resistance Levels:

If the token stays above $4.00 we could see the next resistance zone in between $5. 50 and $6.00.

With a breakout above $6.00 the token may push higher to new highs over $7.00.

Support Levels:

If profits happen on coin maybe it can get some initial support near $3.20.

A deeper retracement could test the $2.50 zone, where buyers may re-enter.

Source: TradingView

ORCA Price Prediction: Can It Sustain the Rally?

Since the altcoin has been trading for very volatile periods, short-term a correction is likely; however, if bullish momentum continues the coin may reach $6 before any serious pullback occurs. The fundamental factors to consider are trading volume, derivatives activity, and sentiment in general in the Solana ecosystem.

Short-Term Forecast:

Bullish scenario - if the coin keeps above $4.00 to $5.50–$6.00 over the next few days.

Bearish Scenario: If the token drops below $3. 20 it could go lower to $2.50.

Long-Term Outlook:

If the token can maintain its momentum as a major Solana-based DEX, that could help push prices higher in the long term, and bring some of its historic $20.00 highs back in. However, investors should remain cautious of market corrections and macroeconomic influences.