The post What’s Next For The Top 2 BRC-20 Tokens As BTC Price Hit $67K? appeared first on Coinpedia Fintech News
The cryptocurrency market has recorded a significant rise in price volatility, highlighting an increase in the price action. Furthermore, the top crypto tokens have added significant valuations to their respective portfolio, indicating a positive outlook in the coming time.
On the other hand, following the Bitcoin price surge, top BRC-20 tokens have recorded a similar price action by adding massive valuations to their portfolios within a short period. With the rising bullish sentiment, is the crypto market headed toward a new all-time high (ATH)?
Dive in as, in this article, we have covered the market sentiments, price analysis, and possible short-term price targets of Bitcoin, Ordi, and SATS crypto tokens.
Bitcoin (BTC) Price Action:
The market leader, Bitcoin price continues to gain momentum by adding approximately 5% to its portfolio within the past day with a trading volume of $35.40 Billion. Further, it has surged 8.92% within the past 30 days and has a Year-to-Date (YTD) return of 58.61%.
The technical indicator MACD displays a constant decline in its 1D time frame with its averages recording a neutral trend. However, the RSI shows a bullish action, highlighting a mixed sentiment for the market leader in the crypto space.
If the market holds the BTC price above its support level of $66,726, Star Crypto will prepare to test its upper high of $73,750.07 in the coming time. However, a trend reversal could pull the Bitcoin price toward its low of $60,178.50.
Ordi (ORDI) Price Analysis:
Amid increased price volatility in the crypto market, the ORDI price has surged 10.82% within the past 24 hours and 4.06% over the past week. With a trading price of $38.39 and a market capitalization of $807.041 Million, it has secured the 83rd position in the global crypto list.
The Moving Average Convergence Divergence (MACD) shows a constant decline in the green histogram. Moreover, its averages display a high possibility of a bearish convergence. However, its SMA recorded a positive crossover, suggesting uncertainty in future price action.
If the market pushes the ORDI price above its $39.75 level, it will prepare to test its upper resistance level of $50.75. Negatively, bearish action could pull the price toward its crucial support level of $28.25.
SATS (1000SATS) Price Action:
Following in the footsteps, the SATS price has recorded a similar price action by adding 17.40% within the past day and 20.54% over the past seven days. Moreover, with a surge of approximately 90%, the SATS crypto has secured the 95th position with a market cap of $694.025 Million.
The Relative Strength Index (RSI) has displayed a sharp rise toward its overbought range, indicating increased buying-over-selling pressure in the crypto space. Furthermore, the SMA indicator has recorded a bullish crossover, suggesting a positive outlook for the altcoin in the coming time.
If the bulls continue to gain power, the SATS price will prepare to test its upper resistance level of $0.00000015510. However, if the bears overpowered the bulls, the SATS price would plunge toward its crucial support level of $0.0000001225.