Orderly price has gone parabolic this month, soaring by almost 400% from its lowest level in June. It is hovering at its highest level since January this year, giving it a market capitalization of over $97 million, as the daily volume jumped to $188 million.
Why Has the Orderly Price Jumped
Orderly is a top player in the crypto industry, where it offers perpetual futures solutions. DeFi Llama data shows that the network handled over $324 million in volume in the last 24 hours and $20 billion in the last 30 days. It has become the 11th biggest player in the industry.
Orderly price has soared in the past weeks as investors reacted to the rising demand for perpetual futures solutions following the success of Heperliquid.
The coin has also jumped as investors compare it with Avantis, whose price has jumped in the past few weeks. In particular, the analysts note that it is a more undervalued coin compared with Avantis, which handled over $241 million in the last 24 hours and $6.4 billion in the last 30 days.
ORDER Price Prediction
The daily timeframe chart shows that the ORDER price bottomed at $0.06540 on June 22 and then bounced back to a high of $0.3475. This surge happened as the crypto market crash accelerated.
Orderly price has jumped above the important resistance level at $0.2066, its highest level in August, invalidating the double-top pattern.
The coin has jumped above the 50-day moving average, while the Average Directional Index (ADX) has jumped to 43. That is a sign that the coin is gaining momentum.
However, the coin has moved to the extreme overshoot level of the Murrey Math Lines, while the Relative Strength Index (RSI), has moved to the overbought level at 88.
Therefore, there is a likelihood that the coin will pull back gradually, potentially to the support at $0.2067. Such a move will be a sign of a break-and-retest pattern, pointing to more upside in the longer term.
Orderly price chart | Source: TradingView
Pudgy Pandas Token Gains Momentum
Meanwhile, Pudgy Pandas, a new crypto project that launched its token sale last week, has also ignored the ongoing cryptocurrency market crash.
Data on its website shows that the platform has already raised over $2.7 million in the last week, a trend that may continue in the coming weeks.
Pudgy Pandas is going viral in the Asian market, where it is one of the top trending coins in key platforms like WeChat and Weibo. Many of the users are comparing it with Pudgy Penguins, a coin that surged and transformed it into a $2 billion behemoth.
The coin is going viral because of the goal. For one, Pudgy Pandas is not just a mere meme coin, but a social platform that aims to help conserve pandas, which are often seen as an endangered species. About 20% of the tokens are allocated to this mission.
The PANDA token also has the potential to more than double during the ongoing token sale as the current price of $0.0277 is much lower than the eventual listing price of $0.06055. Hurry up and buy Pudgy Pandas here.
