The recent fluctuations in the cryptocurrency market have seen a significant drop in BRC-20 tokens' values following Bitcoin's inability to sustain its position above the $55,000 mark. This correction resulted in an 8% devaluation across the market in the last 24 hours, with various top tokens breaching essential support levels.

In line with the market trend, BRC-20 tokens like ORDI and SATS have experienced substantial losses, with ORDI declining by 17.38% and SATS by 26.71% in a day.

Concerns have arisen about the future outlook of these alternative coins. This article delves into the market sentiments and price analyses of Ordi (ORDI), Bitcoin SV (BSV), and 1000SATS (SATS) as they set potential targets for July.

Ordi (ORDI):

During the current market correction, Ordi's price has dropped by over 17%, with a 24-hour trading volume of $278.177 million, signifying a 92.42% increase. The coin has witnessed a 64.60% decline this year, indicating a prevailing bearish sentiment for the long term.

The MACD technical indicator reveals a rising red histogram, reflecting a surge in selling pressure within the crypto sphere. The moving averages indicate a growing bearish sentiment, hinting at a continued downward price trend for the upcoming week.

If the market can uphold Ordi's price above the critical support level of $28.25, bulls may see a revival in momentum, aiming to test the upper resistance at $50.75. However, if bearish dominance persists, the price could drop to $17.80.

SATS (1000SATS):

Being the second-largest BRC-20 token by market capitalization, SATS has mirrored the leader's path, experiencing a 27% plummet in a day and a 62.82% decline over the past month. Its value has sunk by 84.76% this year, underscoring a strong bearish outlook.

The MACD histogram has shown a flatline, implying weak price movement for the altcoin. Additionally, the moving averages depict a neutral trend, indicating uncertainty regarding future price trends.

The Simple Moving Average (SMA) acts as a consistent resistance on SATS' price chart in the 1D timeframe, signaling a bearish sentiment for the altcoin in the volatile cryptocurrency terrain.