Ordinals (ORDI)
If ORDI successfully breaks through the $44.75 resistance, it could target higher levels at $65.67, $79.63, and $96.69. Meeting these targets could yield gains of up to 130% from its current price. However, traders should watch for strong breakout signals, including increased trading volume, to confirm a sustainable upward move.
SATS (1000SATS)
SATS, on the other hand, is trading at $0.0002729 and approaching the upper resistance trendline of its descending wedge pattern. This technical setup often signals a potential breakout, and for SATS, the critical level to watch is $0.0003160.
A confirmed breakout above $0.0003160 could propel SATS toward its next resistance at $0.0004267, offering a potential upside of 56% from its current price. However, as with ORDI, traders should look for confirmation signals such as sustained price momentum and robust trading activity to validate the breakout.
What to Expect Ahead?
Both ORDI and SATS are trading at pivotal levels. With the recent decline in Bitcoin dominance, these tokens are well-positioned for breakouts that could lead to substantial rallies. Investors should watch the resistance levels closely for confirmation of upward momentum.