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Orbs is a public blockchain that provides scalable, low-cost, and user-friendly solutions for large scale applications. It has a native token called ORBS which is used to pay for the services, select validators, and maintain the network.  It uses a novel consensus mechanism called Helix, which relies on random committees of validators to achieve fast and secure agreement. It also supports full blockchain stack and virtualization, which allows for interoperability and customization.  Orbs was founded in 2017 by a team of experts in engineering, business, and science, and has a fixed supply of 10 Billion ORBS tokens. Orbs Crypto Price Technical Analysis The Orbs price has witnessed an upthrust in recent sessions after it bounced from the support level of $0.038. The price underwent correction in the short term trend. The recent correction has dragged the price below the 50-day EMA, highlighting weakness in the chart. Moreover, the long term trend is still positive. The bulls are firmly established near the $0.038 level. The price retested the support level multiple times. Also, the bears are trying to accumulate near the $0.05 level and dump the price. The EMAs imply a bullish outlook in the long term. However, the price has dropped below the 50-day EMA and is a concern for the buyers in the short term. At the time of writing, the RSI line slipped below the mean line indicating a short term correction. Orbs Price Prediction 2023 Source: ORBS/USD by TradingView The price prediction for 2023 showcases a neutral to bullish outlook in the short term. The most optimistic price forecast of the analysts expects a price hike of 26.15%. The price could advance to a high of $0.052 by the year-end. However, the pessimistic view of analysts predicts that the price could drop to $0.0341. Orbs Price Prediction…

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Filed under: News - @ December 22, 2023 11:08 pm