Oraichain Token (ORAI)
1. Fundamental Analysis
1.1 Introduce
Oraichain is a data oracle platform that aggregates and connects Artificial Intelligence APIs to smart contracts and regular applications.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | ORAI | Market Cap | 130942889 |
| Name | Oraichain Token | White Paper | -- |
| Web Site | https://orai.io | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://scan.orai.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 19779272 | |
| Supply | 19779272 | Release Date | |
| Available Supply | 16809100 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 7.971 | 7.972 | 7.762 | 7.785 | 41519.52213 |
| 2024-12-31 | 7.976 | 8.28 | 7.735 | 7.946 | 288882.68118 |
| 2024-12-30 | 7.976 | 8.17 | 7.68 | 7.981 | 285985.31661 |
| 2024-12-29 | 8.229 | 8.254 | 7.812 | 7.97 | 222196.93929 |
| 2024-12-28 | 8.04 | 8.366 | 7.846 | 8.203 | 236539.22019 |
| 2024-12-27 | 7.812 | 8.248 | 7.812 | 8.003 | 240492.30554 |
| 2024-12-26 | 8.557 | 8.672 | 7.738 | 7.813 | 242898.97618 |
| 2024-12-25 | 8.228 | 8.647 | 8.159 | 8.555 | 338970.12469 |
| 2024-12-24 | 7.992 | 8.543 | 7.797 | 8.231 | 421651.95253 |
| 2024-12-23 | 7.612 | 8.072 | 7.3 | 7.992 | 294638.75938 |
| 2024-12-22 | 7.643 | 8.031 | 7.52 | 7.612 | 333963.8654 |
| 2024-12-21 | 8.364 | 8.974 | 7.3 | 7.638 | 547432.78005 |
| 2024-12-20 | 8.388 | 8.664 | 6.6 | 8.382 | 887916.15967 |
| 2024-12-19 | 9.141 | 9.213 | 8.008 | 8.388 | 928119.05418 |
| 2024-12-18 | 10.369 | 10.407 | 9.12 | 9.141 | 320544.60504 |
| 2024-12-17 | 10.482 | 10.829 | 10.227 | 10.365 | 332928.54901 |
| 2024-12-16 | 11.239 | 11.52 | 10.4 | 10.474 | 397637.33182 |
| 2024-12-15 | 10.87 | 11.354 | 10.715 | 11.202 | 365242.29037 |
| 2024-12-14 | 11.86 | 12.111 | 10.585 | 10.894 | 264610.34727 |
| 2024-12-13 | 11.741 | 12.114 | 11.6 | 11.859 | 536457.9671 |
| 2024-12-12 | 11.72 | 12.498 | 11.601 | 11.732 | 568196.43377 |
| 2024-12-11 | 11.16 | 11.78 | 10.782 | 11.72 | 371945.65674 |
| 2024-12-10 | 11.586 | 11.925 | 10.433 | 11.13 | 542037.59879 |
| 2024-12-09 | 13.5 | 13.556 | 10.896 | 11.578 | 837963.34446 |
| 2024-12-08 | 13.973 | 14.241 | 13.026 | 13.5 | 401854.52217 |
| 2024-12-07 | 14.92 | 14.968 | 13.926 | 13.938 | 568779.18637 |
| 2024-12-06 | 12.707 | 14.997 | 12.646 | 14.893 | 813021.87459 |
| 2024-12-05 | 12.06 | 13.528 | 11.662 | 12.719 | 872770.94441 |
| 2024-12-04 | 12.153 | 12.972 | 11.922 | 12.053 | 597496.89232 |
| 2024-12-03 | 12.119 | 12.408 | 11.254 | 12.163 | 472392.18047 |
2.2 Analysis
The recent price action shows a strong downward trend culminating in a significant low around 7.3 on December 21st, followed by a period of consolidation and a subsequent attempt at recovery. However, the volume associated with the price movements suggests a weakening buying pressure and potentially a continuation of the bearish trend. While short-term upward corrections are possible, the overall outlook is bearish, with further price decline likely in the medium term. The longer-term trend remains uncertain, pending confirmation from further price action and volume data. Increased volatility should be anticipated.
