Bitcoin

Impact

SATS

ORDI

<p>The post <a href="https://coinpedia.org/price-analysis/top-ordinal-altcoins-surge-as-bitcoin-price-hit-64k/" rel="noopener noreferrer nofollow">Top Ordinal Altcoins Surge As Bitcoin Price Hit $64K!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The Bitcoin price achieved the $63.9K mark last night, indicating a strong bullish influence in the crypto industry. However, the rally was short-lived, and the star crypto recorded a correction of 7% in valuation.</p>
<p>Moreover, the bulls have regained momentum, and the market leader is on the run to test its $63,000 mark, the outcome of which is unpredictable. The BTC price is less than 9% away from its new ATH and is currently trading at a 27-month high.</p>
<h2 class="wp-block-heading" id="h-impact-of-bitcoin-surge-on-ordinals">Impact Of Bitcoin Surge On Ordinals!</h2>
<p>With the Bitcoin price rising, the top Orninals tokens have recorded a significant price action in their respective portfolios. Top tokens such as Ordi (ORDI) and SATS (1000SATS) have added over 11% each within 24 hours, highlighting a positive uptrend in the crypto space.</p>
<h3 class="wp-block-heading" id="h-ordi-ordi">Ordi (ORDI):</h3>
<p>After trading under a bearish influence for a while, the Ordi token traded in a closed range between $51.719 and $57.648 for the next few days. Following this, the ORDI price jumped by 16.31%, after which the price traded in a consolidated range between $57.648 and $66.767 for the next few days.</p>
<p>As the market volatility grew, the bulls recorded another jump of 19.73%, following which the price displayed a neutral trend for a while. The bulls struggled to hold the price above the support level, resulting in a price breakdown.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/__P_hYt4AET2qib1MyVLLLMxlZ01vonZpAripk5aHA1_btt3SeLGuqZ6yfmNXOkXYRcEoao7qMRmW-87hjkRn4VK6pGB1M3FK1qg3mqQY7FBo4M2ebSmIqwcif3LjHkwosdeVX72aBf0i4XQr04TA7A" alt="ORDI Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: ORDI/USDT
 </figcaption>
</figure>
<p>After testing its low of $57.648, the bulls regained momentum and recorded a jump of 35.70% over the next four days. Since then, the price has been trading between $73.176 and $78.232.</p>
<p>The technical indicator, MACD, displays a constant decline in the green histogram, highlighting a cool-off in the price action in the crypto market. Moreover, the averages show a possibility of a bearish convergence, suggesting uncertainty in the future price action.</p>
<p>If the bulls regain power and push the price above the resistance level of $78.232, the ORDI price will attempt to test its upper level of $84.50 in the coming time. Conversely, if the bears overpowered the bulls, the price would lose momentum and fall to test its lower limit of $62.30.</p>
<h3 class="wp-block-heading" id="h-sats-1000sats">SATS (1000SATS):</h3>
<p>The SATS price displayed a bearish trend for the first few days of the month, following which it traded in a closed range for a brief period. After this, the price gained momentum and added over 18% in valuation.</p>
<p>Since then, the SATS price has been trading in a consolidated range between $0.000000456 and $0.000000568 and is on the verge of testing its resistance level, the outcome of which is unpredictable.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/CsjWHUsdmiP1ajCJhvuN23Ove6GQYHqWjrIg_SPraDpp4VxUW7BLL2UHqV3dX2e9O2Xd8oL2oH7V6QjamRY6MNOkDShRCgd37awv0JM8WKm9JunTz1rVug-5-InY74VV1d5IcZfmsORefpgqE-mf8Ok" alt="SATS Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: SATS/USDT
 </figcaption>
</figure>
<p>The MACD displays a constant green histogram, indicating a strong bullish influence in the crypto space. Further, the averages show a bullish curve, suggesting the price will continue gaining value in the coming time.</p>
<p>If the market holds the price above the resistance level of $0.0000005680, the bulls will regain momentum and prepare to test its upper resistance level of $0.000000780 in the upcoming week. Negatively, a trend reversal would pull back the price toward its support level of $0.0000004564.</p>

Top Ordinal Altcoins Surge As Bitcoin Price Hit $64K!

Table of Contents

CoinPedia News

Other articles published on Feb 29, 2024

Breaking It Down: Bitgert Coin’s Superior Returns Compared to Ethereum Coin’s Performance

NFT Paris 2024 Review: A Look at What Went Down

Guide To Getting Airdrops: Join “Top Miner” Justin Sun To Grab Popular Projects’ Early Airdrops o...

Terra Luna Classic’s Price Surge and Critical Levels

BYDFI Lists 3 New Gaming and DeFi Protocols

South Korea’s ruling party backtracks on spot Bitcoin ETF election promise

Join our free newsletter for daily crypto updates!