ORDI and 1000SATS Tokens Tease a Trend Reversal Rally as the Altcoin Sector Heats Up

Despite the Bitcoin price being stuck near the $60K support zone, the BRC-20 tokens experienced a short breezy recovery. With this recovery rally

As the Bitcoin price continues to trade sideways around the $60K support zone, several BRC-20 tokens experienced a brief recovery rally on Wednesday, teasing at a trend reversal rally as the altcoin sector heats up. While the market is anticipating the Bitcoin price to rise from the $60K support zone, the ORDI and 1000sats tokens could experience a price surge. Will the bull run in the ORDI and 1000sats begin with this trend reversal? Let's conduct a closer price analysis of the BRC-20 tokens for a deeper understanding.

Will ORDI Reversal Bring Trendline Breakout?

Revealing a declining trend with a pump-and-dump price action on the daily chart, the ORDI price trend showcases a crucial resistance trendline with strong support at $35. Currently, the ORDI price trades at $37, which is a 60% discount from the all-time high of $96.53 on March 5, 2024. Moreover, the BRC-20 token showcases a bullish recovery from the support zone with an intraday price increase of 2.56%, following an overnight jump of 3.82%. Indicating a potential trend reversal, the technical indicator showcases the MACD and signal lines gearing up for a bullish crossover. Hence, the bullish revival at $35 could soon test the overhead trendline around $50. Moreover, a breakout rally could extend the uptrend to $87.

1000SATS Preps Bull Cycle In A Falling Wedge

Revealing an overall declining trend on 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 at a trend reversal. Moreover, a bullish crossover in the MACD and signal lines strengthens the possibility of a bull cycle. On the upside, the BRC-20 token could reach the $0.0002369 mark or the overhead trendline. Furthermore, a breakout rally could extend the bull run to the $0.000040 supply zone.

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