ORCA fluctuates 45.6% in 24 hours: Regulatory-driven announcement triggers 40% price surge

Volatility Overview

In the past 24 hours, ORCA rebounded from a low of $0.934 to a high of $1.36, currently trading at $1.157, with a price swing of 45.6%. The 24-hour trading volume is about $156 million, with a net outflow of approximately $440,000 from CEXs and about $660,000 from DEXs. However, the Chaikin Money Flow (CMF) indicator stands at 0.08, confirming net capital inflow.

Brief Analysis of Causes for Abnormal Movement

• On April 24, 2026, the Orca official team announced it had joined over 120 organizations (including the Blockchain Association and Crypto Council for Innovation) in urging the US Senate to advance market structure legislation. This action increased institutional appeal for the project and directly triggered a 40% price surge from $0.93 to a peak of $1.30.

• Trading volume soared by over 40%, accompanied by net capital inflow, propelling a “god candle” that broke both the downward trendline since February and the 200-day EMA ($1.2282).

• Orca DEX generated $105,000 in fees and $8.72 million in ORCA token trading volume over 24 hours, reflecting heightened activity in the Solana ecosystem.

Market Opinions and Outlook

The mainstream market sentiment is bullish. Analysts point out a bullish MACD crossover and a positive Awesome Oscillator value, confirming upward momentum. New support lies at $1.17–$1.20, but the RSI reaching 75.01 flags an overbought risk with potential for a pullback. Discussion on X is limited (no highly interactive crypto posts), with focus remaining on institutional narratives driven by regulatory tailwinds. The outlook depends on legislative progress.