ORDI and SATS Token Price Prediction: Will This BRC-20 Duo Continue the Bull Run?

With the price of BTC reclaiming the $59,000 mark, the crypto market has recorded a jump of 0.78% in its global valuation.

The price of BTC has surged past the $59,000 mark, leading to a 0.78% increase in the global valuation of the crypto market. Furthermore, Bitcoin-based tokens have followed a similar price trend, breaking out of their resistance levels.

Notably, some altcoins have even recorded a two-digit surge over the past day, indicating a bullish sentiment in the cryptocurrency market. This has piqued the interest of investors in the short-term price action of the most Bitcoin-influenced tokens.

Here, we delve into the sentiments and price action of the top 2 BRC-20 tokens for the upcoming weeks.

Ordi Price Displays Bullish Momentum

Amidst the rising price volatility, the ORDI price has surged 10.17% over the past 24 hours with a trading volume of $208.56 Million. It has exhibited a neutral price movement over the past week but has surged 8.75% during the past month, indicating a positive outlook for the altcoin this week.

The Moving Average Convergence Divergence (MACD) has displayed a rising green histogram in the 1D time frame. Moreover, with a bullish convergence in its averages, the Ordi token displays increased bullish momentum in the crypto space.

If the market continues gaining bullish steam, the Ordi price will prepare to test its crucial resistance level of $39.75 this month. On the contrary, a bearish reversal could result in this altcoin plunging toward its low of $17.80 in the upcoming period.

Check our ORDI Price Prediction for long-term targets

SATS Price Successfully Retests Its Support Trendline

After trading under a bearish influence for the last 8 days, the 1000SATS price has recorded a bullish recovery of ~5% in the past 24 hours. Furthermore, with a jump of 23.89% over the past month, this altcoin has formed an ascending channel pattern and continues trading within it.

The Relative Strength Index (RSI) has crossed above its neutral point in the SATS price chart. Further, the EMA 50-day has recorded a bullish convergence whereas the EMA 200-day acts as a resistance to the price chart. This suggests a mixed sentiment for the SATS altcoin in the market.

Suppose, the bulls continue gaining momentum, in that case, the SATS coin price will test its resistance level of $0.000000359 in the upcoming period. On the flip side, a bearish action could result in it retesting its support trendline of the trend pattern.

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