Token

Bull Market

Bitcoin

ORDI

Reversal

The post <a href="https://coinpedia.org/price-analysis/top-brc-20-tokens-to-buy-before-the-bull-market-begins/">Top BRC-20 Tokens To Buy Before The Bull Market Begins</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Despite the Bitcoin price being stuck near the $60K support zone, the BRC-20 tokens experienced a short breeze recovery. With this recovery rally, the top BRC-20 tokens tease a trend reversal rally as the altcoin sector heats up.&nbsp; 
As the market anticipates the Bitcoin price to rise from the $60K support zone, the ORDI and 1000sats token can experience a price surge. Will the bull run in the ORDI and 1000sats start from this trend reversal? 
So, let’s have a closer look at the price analysis of BRC-20 tokens for a deeper understanding.&nbsp; 
<h2 class="wp-block-heading" id="h-will-ordi-reversal-bring-trendline-breakout">Will ORDI Reversal Bring Trendline Breakout?</h2> 
With a pump-and-dump price action in the daily chart, the ORDI price trend reveals a declining trend. The BRC-20 Token shows a solid resistance trendline with solid support at $35.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdM4Igmbfwvw9q_1037TISRtGOj_JjzUVCb6Qu7LFlByTA8ou4cKdorwTtZVVx4dXKLCe4O0DdRYsC8vQNVRN41cKD4EV1IDRX0CRuiaA4EVoAgqErhznorvjK0UPy_qvzMFf6ZXQeHCqNwM-9EGU3Z54k?key=lPB3N7ojBg06BYQawB3Xhw" alt="">
</figure> 
<a href="https://www.tradingview.com/x/c0SLSJ4N/">TradingView</a> 
Currently, the ORDI price trades at $37, a 60% discount from the all-time high of $96.53 on 5th March 2024. Further, the BRC-20 token shows a bullish recovery from the support zone with an intraday growth of 2.56% following the overnight jump of 3.82%. 
With the MACD and signal lines ready for a bullish crossover, the technical indicator reveals a possibility of a trend reversal. Hence, the bullish revival at $35 might shortly test the overhead trendline near $50. Further, a breakout rally could prolong the uptrend to $87. 
<h2 class="wp-block-heading" id="h-1000sats-preps-bull-cycle-in-a-falling-wedge">1000SATS Preps Bull Cycle In A Falling Wedge</h2> 
With an overall declining trend in the daily chart, the 1000SATS token price action forms a falling wedge. Unlike the healthy price action in ORDI, the 1000SATS token is under extreme supply pressure as it trades near the all-time low levels.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXe2sK6Rb3La8mtI4JaFFP_igXCBVdX0u-yBVKauZKH-fHbzJaKRKtJZlYNrAunwpcItSkUt2SfERq6TkV92LGYCmM8_o-id7RcPRqQG62-tH_QRZyRiUflSd6I56mBwXoBSSZCClB7rQlLvG6Kyb5DoB6o?key=lPB3N7ojBg06BYQawB3Xhw" alt="">
</figure> 
<a href="https://www.tradingview.com/x/mYKU8rBa/">TradingView</a> 
However, with the recent recovery rally from the descending support trendline, the altcoin teases a trend reversal. Further, the bullish crossover in the MACD and signal lines bolsters the bull cycle possibility.&nbsp; 
On the upside, the BRC-20 token can reach the $0.0002369 mark or the overhead trendline. Further, a bullish breakout can prolong the bull run to the $0.000040 supply zone.&nbsp;

Top BRC-20 Tokens To Buy Before The Bull Market Begins

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Інші статті, опубліковані 26 черв. 2024 р.

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