Price Analysis View Non-AMP

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

Published by
Sohrab Khawas

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. 

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. 

Will ORDI Reversal Bring Trendline Breakout?

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. 

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.

1000SATS Preps Bull Cycle In A Falling Wedge

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. 

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. 

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. 

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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