The price of Bitcoin has been hovering around the $58,000 mark, showing a weak bullish sentiment in the market. At the same time, top BRC-20 tokens have experienced significant corrections, indicating their strong correlation with Bitcoin’s price movements.
In this article, we will discuss two BRC-20-based altcoins that have the potential for a significant uptrend in the near future.
Ordi (ORDI) Price Action:
ORDI has shown a neutral price action recently, despite a 22.39% correction in the last 30 days. It currently holds the 92nd position in the global crypto list, suggesting a bullish outlook.
The Relative Strength Index (RSI) for ORDI has been flatlining, indicating a weak price action. However, the average trendline shows a potential bullish convergence, hinting at a possible trend reversal.
If ORDI can maintain its value above the support level of $28.25, it may test the resistance level of $39.75 soon. On the other hand, a bearish momentum could push the price down to $17.80 in the coming weeks.
Sats (1000SATS) Price Action:
SATS has seen a 1% increase in the past day and a 2.17% rise over the week, with a 5.16% gain in the last month. It currently holds the 93rd position with a market cap of $600.605 million.
The Moving Average Convergence Divergence (MACD) for SATS has been declining, while the Simple Moving Average (SMA) indicator shows a bullish action, indicating a mixed sentiment in the market.
If the bulls take control, SATS could test its resistance trendline. However, a bearish scenario could lead to a retest of crucial support levels.
Overall, both ORDI and SATS show potential for significant price movements in the near future, providing opportunities for traders and investors in the crypto market.
