Ordi (ORDI), Bitcoin SV (BSV), and 1000SATS (SATS) Price Analysis and Market Sentiments: July 2022

With the ongoing crypto market correction, the Ordi price has recorded a correction of over 17% in valuation with a 24-hour trading volume of $278.177 Million

The cryptocurrency market has recorded a correction of approximately 8% in valuation within the past 24 hours. This follows a failure of the Bitcoin (BTC) price to hold its value above the $55,000 mark, leading to a drop in the prices of top tokens, which have all plunged below their respective crucial support levels.

In line with this trend, BRC-20 tokens have recorded a similar performance. Top BRC-20 tokens, such as ORDI and SATS, have each recorded a loss of 17.38% and 26.71% over the past day.

If you're concerned about the future prospects of these altcoins, continue reading as, in this article, we have covered the market sentiments and price analysis of Ordi (ORDI), Bitcoin SV (BSV), and 1000SATS (SATS) and their potential targets for July.

Ordi (ORDI):

The Ordi price has recorded a correction of over 17% in valuation with a 24-hour trading volume of $278.177 Million, a change of +92.42%. This follows a failure of the altcoin to continue its rally, leading to a drop in its price. Moreover, the altcoin has plunged 64.60% this year, highlighting a long-term bearish sentiment.

The technical indicator, MACD, displays a rising red histogram, indicating an increase in the selling-over-buying pressure in the crypto space. Furthermore, the averages show increased bearish sentiment, suggesting the price will continue this week.

However, the market might be bullish if the ORDI coin price holds above its crucial support level of $28.25. This will lead to the bulls regaining momentum and preparing to test its upper resistance level of $50.75 in the coming time. Conversely, if the bears continue to dominate, the ORDI price will test its low of $17.80.

SATS (1000SATS):

The SATS price has plunged over 27% within the past day and 62.82% over the past month. This follows a failure of the altcoin to continue its rally, leading to a drop in its price. Furthermore, the 1000SATS price has erased 84.76% this year, indicating a strong bearish sentiment.

The MACD has recorded a constant flatline in its histogram, highlighting a weak price action for the altcoin in the market. Furthermore, the averages display a neutral trend, suggesting uncertainty in future price action.

Moreover, the SMA indicator constantly acts as a resistance to the SATS price chart in the 1D time frame, suggesting a bearish sentiment for the altcoin in the cryptocurrency space.

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