BRC20 Inscription Analysis
SATS
SATS has made a significant move on the weekly chart, forming a strong positive line that has broken through the weekly MA30. This breakout suggests that what was once a resistance level has now turned into a support level, with the support price around 3500. On the daily chart, SATS is showing a small negative candle with upper and lower shadows, indicating a strong horizontal consolidation. However, the daily MACD is hinting that the upward momentum might be weakening. A corrective decline followed by a rise could lead to a healthier trend. The support level for a potential pullback is expected to be around 3500.
ORDI
The daily chart of ORDI suggests that its downward adjustment may continue. The daily MACD is showing signs of weakening upward momentum, and the MA30 on the daily chart remains in a downward trend, indicating that it might take some time before it stabilizes. This retracement is a normal occurrence. When the price falls back to the 30.9-33.5 range, it might be an opportunity to consider buying in batches.
RATS
The daily chart of RATS is showing a small negative candle, with the price currently under the pressure of a downward trend line, signaling a need for adjustment. If the price corrects to the 9500-10500 range, it could be a good opportunity to consider buying in batches. The major resistance level is around 14500.
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