Orca DAO proposes Solana staking and ORCA buybacks
New Treasury Proposal: Orca DAO has proposed a treasury initiative to stake up to 55,000 SOL into an Orca validator node and implement a 24-month buyback program for the ORCA token, aiming to enhance transaction propagation and utilize treasury assets effectively.
Transparency and Execution: The Council will provide quarterly reports on token purchases and maintain public access to relevant wallets; the proposal will undergo a discussion period followed by an on-chain vote, allowing for potential vetoes from tokenholders.
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Technical Analysis for ORCA
Technical Sentiment Analysis for Orca (ORCA) As of , Orca (ORCA) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ORCA stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ORCA is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Orca (ORCA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.306 | 0.478 | 0.653 | 0.825 | 1 | 1.172 | 1.347 |
| Fibonacci | 0.478 | 0.611 | 0.693 | 0.825 | 0.958 | 1.04 | 1.172 |
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