Price Analysis View Non-AMP

BRC-20 Tokens To Drop 25% As Bitcoin Price Fails To Hold $55k Mark?

Published by
Elena R

With the Bitcoin (BTC) price failing to hold its value above the $55,000 mark, the cryptocurrency market has recorded a correction of approximately 8% in valuation within the past 24 hours. Further, top tokens have all plunged below their respective crucial support levels.

Following in their footsteps, the BRC-20 tokens have recorded a similar trend by erasing significant valuation from their respective portfolios. Top BRC-20 tokens such as ORDI and SATS have each recorded a loss of 17.38% and 26.71% over the past day.

Concerned about the future prospects of these altcoins? Dive in as, in this article, we have covered the market sentiments and price analysis of Ordi (ORDI), Bitcoin SV (BSV), and 1000SATS (SATS) and their potential targets for July.

Ordi (ORDI):

With the ongoing crypto market correction, the Ordi price has recorded a correction of over 17% in valuation with a 24-hour trading volume of $278.177 Million, a change of +92.42%. Moreover, the altcoin has plunged 64.60% this year, highlighting a long-term bearish sentiment.

TradingView: ORDI/USDT

The technical indicator, MACD, displays a rising red histogram, indicating an increase in the selling-over-buying pressure in the crypto space. Furthermore, the averages show increased bearish sentiment, suggesting the price will continue this week.

If the market holds the ORDI coin price above its crucial support level of $28.25, the bulls will regain momentum and prepare to test its upper resistance level of $50.75 in the coming time. Conversely, if the bears continue to dominate, the ORDI price will test its low of $17.80.

SATS (1000SATS):

Following in the footsteps of the category leader, the second-largest BRC-20 token by market cap, the SATS price has plunged over 27% within the past day and 62.82% over the past month. Further, the 1000SATS price has erased 84.76% this year, indicating a strong bearish sentiment.

TradingView: SATS/USDT

The MACD has recorded a constant flatline in its histogram, highlighting a weak price action for the altcoin in the market. Furthermore, the averages display a neutral trend, suggesting uncertainty in future price action.

Moreover, the SMA indicator constantly acts as a resistance to the SATS price chart in the 1D time frame, suggesting a bearish sentiment for the altcoin in the cryptocurrency space.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Bitcoin Price Prediction 2025: Here’s Why You Need Not Panic as BTC Price May Rebound Soon!

Bitcoin is about to close the monthly trade on a bearish note, which may hinder…

March 30, 2025

Shiba Inu Price Prediction: SHIB Flashes Green As Rexas Finance (RXS) Positions Itself For a Shocking 21450% Move

Shiba Inu(SHIB) has been making headlines, especially with its recent development. It has started flashing…

March 30, 2025

Missed Solana’s 10,000% Run? These 4 Tiny Coins Could Turn $250 Into $1 Million by June 2025

Solana experienced an extraordinary surge, leaving many wishing they had invested sooner. Now, four small…

March 30, 2025

Ethereum Loses an Important Support—Is ETH Price Heading Back to $1500?

The crypto markets have been facing a massive pullback over the past couple of days,…

March 30, 2025

Bitcoin, Ethereum, and XRP Price Prediction Next Week: Will the Crypto Market’s Downturn Hold?

The last few days of March have brought a sharp decline to the crypto market.…

March 30, 2025

Bitcoin Price Battles to Stay Above $83k, Is the Rally Done?

Bitcoin (BTC) is facing increasing pressure as key support levels are breaking, raising concerns about…

March 30, 2025