ORDI And SATS Jump Big This Year! BRC-20 Tokens To Outperform Top Coins In 2024?

The post ORDI And SATS Jump Big This Year! BRC-20 Tokens To Outperform Top Coins In 2024? appeared first on Coinpedia Fintech News

While the crypto community was deeply engaged with Altcoins and Memecoins future price action, the BRC-20 tokens added a significant value to their respective portfolios, resulting in attracting massive attention from the market.

Top tokens from this category have multiplied their value during this month. The ORDI price has recorded a return of over 260% this month while the SATS price has added over 550%, making it a successful month for the BRC-20 category.

ORDI Price Analysis:

The ORDI price traded in a narrow space between $18.550 and $23.618 for over a week, after which the market gained power, resulting in the bulls breaking out of the range. The bulls recorded a jump of over 186% within a week, following which the price faced rejection at $67.723.

After this, the price displayed significant price volatility and traded in a closed range between $44.575 and $55.536 for approximately three weeks. Recently, the Ordi price regained momentum and jumped over 33% in value, but faced rejection at $75, following which the price has been trading under a bearish influence.

TradingView: ORDI/USDT

The technical indicator, MACD, displays a rising red histogram, indicating an increase in selling over buying pressure. Moreover, the averages show a bearish convergence, suggesting the price will continue experiencing a correction in value.

If the market holds the price above the support level of $67.723, the bulls will regain momentum and prepare to test its resistance level of $75 soon. Conversely, if the bears overpowered the bulls, the price would lose momentum and fall to test its support level of $55.536 in the coming time. 

SATS Price Analysis:

The SATS price displayed a similar price action as the coin traded in a narrow space between $0.0000001218 and $0.0000001898 for a week, following which the bulls gained just enough momentum to break out of the trend. The coin then traded in a range between $0.0000001819 and $0.0000002689 for a brief period, after which the price gained momentum.

The STAS token price jumped approximately 400% before facing rejection at $0.0000009428. Following this, the price lost momentum faced a correction of 25%, and traded in a closed range for a while. After recording significant price volatility, the price retested its upper but failed, resulting in a correction. 

TradingView: SATS/USDT

The MACD displays a rising negative histogram, indicating a selling pressure in the market. Further, the averages show a bearish convergence, highlighting a bearish influence in the market.

If the bulls push the price above the resistance level of $0.0000008331, the sats price will prepare to test its upper resistance level of $0.0000009428 in the coming time. Negatively, if a trend reversal occurs, the market will lose momentum and the price will fall to test its lower support level of $0.0000005521.