Stacks

Rally

Bitcoin

ORDI

when

<ul class="news-points"> 
 <li>STX and ORDI showed a strong correlation with BTC as the prices rallied.</li> 
 <li>STX might kickstart a correction to $1.76 if BTC drops below $50,000.</li> 
 <li>ORDI’s bearish thesis could be invalidated if it stays above the 9 and 20 EMAs.</li> 
</ul> 
<a href="https://coinedition.com/bitcoin-btc-price-prediction/">Bitcoin’s</a> jump above $50,000 has positively affected the prices of <a href="https://coinedition.com/stacks-stx-price-prediction/">Stacks (STX)</a> and <a href="https://coinedition.com/could-ordi-sink-to-single-digits-market-weighs-risks-and-opportunities/">Ordi (ORDI)</a>. According to data from <a href="https://coinmarketcap.com/" target="_blank" rel="nofollow">CoinMarketCap</a>, STX’s price increased by 6.19% in the last 24 hours and retested $2. 
Meanwhile, ORDI registered a 15.20% increase, surging past $70. Both ORDI and STX have links to Bitcoin. For Stacks, its fundamentals as a layer two (L2) on the Bitcoin network meant its price has a strong correlation with the number one cryptocurrency. 
Likewise, Ordi’s position as the top BRC-20 token indicates that when BTC climbs, it follows. Also, when the coin plunges, historical data shows that projects linked to it face correction. 
<h2 class="wp-block-heading" id="h-stacks-stx-price-analysis">Stacks (STX) Price Analysis</h2> 
STX’s 4-hour chart suggested there was further upside potential. At press time, STX was at $1.98, after trading with a bullish bias. 
Supporting a continued bullish trend is the Awesome Oscillator (AO) indicator. As of this writing, the AO was 0.16 with gree…
The post <a href="https://coinedition.com/stx-ordi-prices-rally-as-bitcoin-pumps-above-50k/">STX, ORDI Prices Rally as Bitcoin Pumps Above $50K</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

STX, ORDI Prices Rally as Bitcoin Pumps Above $50K

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