Must Buy BRC-20 Tokens For The Upcoming Crypto Bull Run!
The post Must Buy BRC-20 Tokens For The Upcoming Crypto Bull Run! appeared first on Coinpedia Fintech News
The Bitcoin price has continued hovering close to its $58,000 mark for a brief period, indicating a weak bullish sentiment for the star crypto in the market.
On the other hand, the top BRC-20 tokens displayed similar price actions by recording significant corrections in their respective portfolios. This highlights that these altcoins are influenced by the price of Bitcoin on a significant level.
Scroll down as, in this article, we have covered the top 2 BRC-20-based altcoins that have the potential to record a massive uptrend in their respective portfolios during the coming time.
Ordi (ORDI) Price Action
The ORDI price has continued displaying a neutral price action over the past few days, indicating a weak bullish sentiment for the altcoin. Positively, it has secured the 92nd position in the global crypto-list despite recording a correction of 22.39% over the past 30 days, indicating a bullish outlook.
The Relative Strength Index (RSI) has displayed a constant flatline in its price chart, indicating a weak price action for the altcoin in the market. However, the average trendline shows a potential bullish convergence, suggesting a high possibility of a trend reversal.
If the ORDI price holds its value above the support level of $28.25, the bulls will prepare to test its resistance level of $39.75 in the coming time. Conversely, if the bears gain momentum, the altcoin will plunge toward its low of $17.80 during the upcoming weeks.
Sats (1000SATS) Price Action
Amid increased price volatility in the cryptocurrency market, the SATS price has recorded a jump of approximately 1% within the past day and 2.17% over the past week. Moreover, it has added 5.16% over the past month and has secured the 93rd position with a market cap of $600.605 Million.
The Moving Average Convergence Divergence (MACD) has recorded a constant decline in the green histogram with a negative trend in its averages. However, the SMA indicator records a bullish action, suggesting a mixed sentiment for the altcoin in the crypto market.
If the bulls gain power, the SATS price will prepare to test its resistance trendline of the triangle pattern in the D time frame. However, a bearish action could result in this altcoin retesting its crucial support level in the coming time.
