SATS
$SATS: Strategic Entry into Emerging BRC-20 TokenSATS (Ordinals) ( NASDAQ:SATS ): Strategic Entry into Emerging BRC-20 Token
SATS (Ordinals) (SATS) is a crypto in the CRYPTO market. The price is 3.09154e-07 USD currently with a change of -0.00000 (-0.03748%) from the previous close. The intraday high is 3.25692e-07 USD and the intraday low is 3.0072e-07 USD.
Trade Setup:
- Entry Price: $0.000003093
- Stop-Loss: $0.0000001528
- Take-Profit Targets:
- TP1: $0.0000004644
- TP2: $0.0000007421
Fundamental Analysis:
SATS (Ordinals) is a BRC-20 token representing the smallest unit of Bitcoin, known as a satoshi. With a capped supply of 2.1 quadrillion tokens, it symbolizes a fractional ownership of Bitcoin's value. The token has garnered attention following its listing on major exchanges like OKX and Binance, leading to significant price movements. (tradingview.com)
Technical Analysis:
- Current Price: $0.0000003091
- Moving Averages:
- 50-Day SMA: $0.0000002800
- 200-Day SMA: $0.0000002500
- Relative Strength Index (RSI): Currently at 60, indicating neutral momentum.
- Support and Resistance Levels:
- Support: $0.0000002800
- Resistance: $0.0000003500
Market Sentiment:
The recent listings on prominent exchanges have amplified interest in NASDAQ:SATS , resulting in increased trading volumes and heightened volatility. The token's association with Bitcoin's fundamental unit appeals to investors seeking exposure to Bitcoin's value in a fractionalized form. (tradingview.com)
Risk Management:
Setting a stop-loss at $0.0000001528 helps limit potential downside, while the take-profit targets at $0.0000004644 and $0.0000007421 offer attractive risk-reward ratios. Given the token's volatility, strict adherence to these levels is essential.
When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave!
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.
It's the king's turn, and it wants market cap dominance. Bitcoin is poised to regain market capitalization dominance. This usually means that (the majority of) altcoins will initially start losing in their sats value.
It is now a well-known phenomenon that venture capital will first pour into Bitcoin. Once people start skimming their profits, it often flows to the other top 10 coins, then the midcap coins and finally the low caps after this. That is, until the cycle is complete again and people move their capital from the low caps back to Bitcoin or eventually to fiat.
I have unfolded the Tom DeMark Sequential on this, and it flashes a 9 and even a 13, which usually means there will be a course change.
Analysis of 10000SATS/USDT (Daily Timeframe)**Market Structure:**
The price has decisively broken out of the **descending channel**, showing early signs of a bullish reversal. This breakout occurred above the **0.786 Fibonacci retracement level**, a critical area that now serves as immediate support.
**Key Observations:**
1. **Fibonacci Retracement Levels**:
- The **0.786 level** has been reclaimed, signaling a potential reversal from the extended bearish trend.
- The **0.618 Fibonacci level** serves as the next target, with **0.382** being a longer-term bullish objective.
2. **Volume Analysis**:
- A spike in **volume** confirms the validity of the breakout, as smart money appears to be entering the market.
- Typical of breakout setups, volume dropped prior to the move, consistent with a consolidation phase.
3. **Momentum Indicators**:
- **RSI**: At **67**, the Relative Strength Index signals strong bullish momentum but approaches overbought territory, suggesting the possibility of near-term consolidation.
- **CMF (Chaikin Money Flow)**: Positive at **0.16**, indicating steady accumulation and buying pressure.
4. **On-Balance Volume (OBV)**:
- OBV has consistently risen, reflecting increasing buyer participation and a strong bullish foundation.
5. **200-Day Moving Average**:
- The price remains slightly below the **200-day MA**, an important level for confirming the long-term trend shift.
**Key Levels to Watch:**
1. **Immediate Support**:
- **0.786 Fibonacci level**: Must hold for the breakout to sustain its bullish momentum.
2. **Immediate Resistance**:
- **200-day MA**: A close above this level would solidify the bullish trend.
- **0.618 Fibonacci level**: A breakout above this level could accelerate bullish momentum.
**Scenarios**:
1. **Bullish Scenario**:
- A **close above the 0.786 Fibonacci level** will confirm the breakout's strength.
- Sustained buying pressure could push the price toward the **0.618 Fibonacci level**, aligning with the next major resistance.
2. **Bearish Scenario**:
- Failure to hold the **0.786 Fibonacci level** may lead to a retest of the descending channel's upper boundary or lower support levels.
**Conclusion:**
The breakout from the descending channel and the move above the **0.786 Fibonacci retracement level** mark a pivotal moment for 10000SATS/USDT. Traders should focus on whether the price can sustain above the **0.786 Fib** and gain strength toward the **0.618 level**.
**Recommendation:**
- **Swing Traders**: Enter on a confirmed **daily close above the 0.786 Fibonacci level** to validate the breakout.
- **Day Traders**: Watch for volume and RSI dynamics to time entries around current levels.
10000SATS/USDT Technical Analysis Chart Overview:
The **10000SATS/USDT** daily chart displays a **descending channel** (green lines) that has contained price action for months. Currently, the price is challenging the **upper boundary** of this channel near **$0.0027 (0.786 Fibonacci retracement)**. Momentum indicators, such as the **MFI (Money Flow Index)**, suggest strong buying pressure but also a cautionary signal as it approaches overbought levels.
Key Observations:
1. Descending Channel:
- The price has consistently respected the boundaries of the descending channel, suggesting a prevailing bearish trend.
- The current attempt to break above the channel could signal a potential trend reversal if successful.
2. Fibonacci Levels:
- **0.786 Fib ($0.0027)**: Key resistance level. A breakout here could trigger a bullish continuation.
- **0.618 Fib ($0.0045)**: Next significant resistance level.
- **0.382 Fib ($0.0066)**: Long-term bullish target if momentum persists.
3. Indicators:
- **Parabolic SAR**: Green dots below the price suggest short-term bullish momentum.
- **MFI (Money Flow Index)**: At **74.69**, the MFI indicates strong buying pressure but is nearing overbought territory, signaling caution for new long positions.
- **OBV (On-Balance Volume)**: Steadily rising, indicating gradual accumulation and supporting the potential for a breakout.
200-Day Moving Average (MA):
4. The 200-day MA aligns closely with the $0.0027 resistance, making this level a critical inflection point.
A sustained close above the 200-day MA would confirm a trend reversal.
5. Volume:
- A recent increase in trading volume supports the ongoing bullish attempt. Sustained volume will be crucial to confirm a breakout above the channel.
Key Levels to Watch:
- Resistance:
- **$0.0027 (0.786 Fib)**: Immediate resistance. A breakout could confirm a bullish reversal.
- **$0.0045 (0.618 Fib)**: Next resistance level on a bullish continuation.
- Support:
- **$0.0024 (Channel midline)**: Immediate support if rejection occurs.
- **$0.0021 (Channel bottom)**: Strong support within the descending channel.
Scenarios:
1. Bullish Scenario:
- A breakout above **$0.0027 (0.786 Fib)** confirms bullish momentum, with targets at **$0.0045** or higher.
- A successful breakout would also indicate a reversal of the descending channel pattern.
2. Bearish Scenario:
- Failure to break **$0.0027** could lead to a pullback toward **$0.0024 (channel midline)** or even **$0.0021 (channel bottom)** for further consolidation.
Conclusion:
10000SATS/USDT is testing a critical resistance zone at **$0.0027** while approaching the descending channel’s upper boundary. With **MFI** signaling strong buying interest, this setup could see a breakout and a move toward **$0.0045**, provided momentum holds. However, caution is advised as overbought conditions emerge.
Let me know your thoughts on this setup below! 🚀✨
SATS Ordinals price is trying to rise, but for how long?After six months of a stable downward trend, the price of #SATS (#Ordinals) began to rise on increased trading volumes.
😱 Of course, six months to a year ago, holders were promised “golden mountains”, but in fact, after being "put in longs", there was almost a 10-fold depreciation of the asset.
🆗In the range of $0.00000045-0.00000060, there will be strong sales from those who want to get out of the drawdown at least to “zero”, this is how human psychology works.
And if you want to try your luck and trade OKX:SATSUSDT , then buying earlier than in the range of $0.00000017-0.00000022 can be harmful to your health and deposit) 🍿
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DRIFT/USDT NEW INCREASE VOLUMEat the low time frame, DRIFT/USDT showing a new increase in volume which could be confirmed in the coming time frames.
The coming 12H could be interesting for the trend. following to see if this coin can be confirmed in the coming hours.
Focus target = 18% $0,53
High target $0,60
The SATS Price Plunged 15%, but Could Keep FallingThe SATS price plunged more than 15% in the past 24 hours to trade at $0.0000001474 at press time.
With this latest drop, the altcoin’s weekly and monthly performances have been forced deeper into the red.
The SATS price is approaching the critical support level at $0.0000001435. Should the crypto fall below this key price point, it could be at risk of plugging to the subsequent mark at $0.0000001265.
However, SATS remaining above $0.0000001435 for the next 12 hours could invalidate the bearish thesis. In this alternative scenario, the crypto might end up attempting a challenge at the $0.0000001665 resistance level. Overcoming this threshold could then give the crypto the foundation needed to keep climbing in the following 24 hours.
Technical indicators on the 4-hour chart for SATS warn that the crypto might not be through dropping just yet. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are showing bearish signs. These technical indicators are also on the verge of triggering major bearish flags.
Firstly, the MACD line is collapsing towards the MACD Signal line. Traders usually see this as an indication that a crypto is about to enter a negative short-term cycle. A confirmation of this might be if the MACD line crosses below the MACD Signal line.
Meanwhile, the RSI is on the cusp of breaking below its Simple Moving Average (SMA) line. This could indicate diminishing buyer strength. If bulls don’t step in soon, the RSI could soon fall below the SMA line to signal that sellers have gained an upper hand against buyers.
If these technical flags are confirmed and validated, the SATS price could soon lose the key support level at $0.0000001435.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Ecoinimist is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
SATS NEW INCREASE VOLUMESATS seems to have a new increase view with the possibility that we are going to see a new volume trend in the coming time frames.
For confirmations, we need to follow the coming time frames.
This coin has seen since MAR month 3 breakdown trend.. the new time frames can make a change for a new uptrend since a long time ago.
EchoStar secures $2.7bn contract with US Navy, boosting prospectEchoStar Corporation has clinched a significant contract with the US Navy, valued at USD 2.7 billion, under a ten-year indefinite-delivery, indefinite-quantity (IDIQ) scheme. This flexible contracting mechanism allows for an ongoing series of deliveries, potentially leading to additional contracts and providing EchoStar with a new, stable revenue stream.
The contract's scope includes providing enhanced connectivity for smartphones and tablets, with an expansion to include 5G access for Internet of Things (IoT) devices and other equipment. This deal is set to fully utilize EchoStar’s comprehensive connectivity services, ranging from mobile to satellite, indicating a robust expansion of its business operations.
Analyzing the investment potential, here's a look at the technical analysis of EchoStar Corporation (NASDAQ: SATS):
On the Daily (D1) timeframe, the stock recently surpassed a resistance level at 17.75 USD, establishing support at 17.10 USD. EchoStar has been on a stable global uptrend since November 2023, suggesting potential for further growth. Should the trend reverse, a downside target could be at 14.80 USD.
If the uptrend continues, the short-term target could be 25.00 USD on a rebound from the resistance level at 17.75 USD. In the medium term, the price may rise to 30.00 USD.
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SATS THE BREAK LINE SEEMS NOT FARThank you for reading this update.
SATS showing great volume movement.
The break line can be an important extra volume that can support the trend to new levels.
Sats show the daily volume interesting trend.
There is a good chance that SATS can target the yellow break line with a new break volume.
SATS Risky longI am trying a risky long on SATS. It has broken down major supports, and it looks oversold on higher timeframe. Level is also supported by a -0.618 fibo level from previous peak at top. There are some divergence on H1 and M15 tf, that is a bullish sign. If BTC can continue to pump, i expect SATS to follow
EchoStar Arm Hikes on $50M Grant
Echostar Corporation (NASDAQ: NASDAQ:SATS ) has recently made headlines as its subsidiary, DISH Wireless, secured a groundbreaking $50-million grant from the U.S. Department of Commerce's National Telecommunications and Information Administration (NTIA). The grant, awarded under the Public Wireless Supply Chain Innovation Fund, is earmarked for the establishment of the Open RAN Center for Integration & Deployment (ORCID). This move positions Echostar as a key player in driving Open RAN innovation, with implications for the global wireless ecosystem. In response to this news, SATS shares experienced a notable surge, gaining 33.7% to reach $16.92.
The ORCID Initiative:
The Open RAN Center for Integration & Deployment (ORCID) is set to play a pivotal role in strengthening the Open RAN ecosystem globally. Located on DISH's secure campus in Cheyenne, Wyoming, ORCID will serve as a hub for testing and validating hardware and software solutions against a fully operational commercial-grade Open RAN network deployed by DISH Wireless. The project has garnered support from an impressive consortium of partners, including Fujitsu, Mavenir, and VMware, as well as technology giants like Broadcom, Analog Devices, ARM, Cisco, Dell Technologies, Intel, JMA Wireless, NVIDIA, Qualcomm, and Samsung.
DISH's Unique Position:
Echostar Chairman Charlie Ergen emphasizes that ORCID's uniqueness stems from DISH's experience in deploying the world's first standalone Open RAN 5G network. This hands-on experience positions DISH as a leader in testing and evaluating Open RAN interoperability, performance, and security from both domestic and international vendors. The ORCID initiative not only highlights DISH's commitment to innovation but also underscores the company's role in driving the next generation of wireless networks.
NTIA Recognition and U.S. Leadership:
The NTIA's decision to grant $50 million to DISH Wireless signifies the agency's recognition of the company's contributions to Open RAN technology and its commitment to advancing wireless connectivity. The investment represents the largest award to date under the Innovation Fund, reinforcing the U.S. government's ongoing support for initiatives that enhance the nation's leadership in the telecommunications sector.
Market Response:
Following the announcement, NASDAQ:SATS shares experienced a significant boost, surging $4.26 or 33.7% to $16.92. The market's positive response reflects investor confidence in Echostar's strategic positioning in the rapidly evolving landscape of wireless technology.
Conclusion:
Echostar Corporation's recent success with the $50-million grant for the Open RAN Center for Integration & Deployment demonstrates its commitment to shaping the future of wireless networks. As DISH Wireless leads the charge in Open RAN innovation, investors are keenly watching SATS, anticipating further developments and potential market gains as the company continues to play a key role in advancing the global telecommunications landscape.
EchoStar's Strategic Merger with DISH Network
In a bold move to fortify its position as a global leader in connectivity, EchoStar Corporation (Nasdaq: NASDAQ:SATS ) recently completed its acquisition of DISH Network Corporation, marking a significant milestone in the company's quest for unparalleled wireless, satellite, and video distribution capabilities. The strategic merger has not only strengthened EchoStar's technological portfolio but has also positioned it as a key player in the evolving landscape of global connectivity.
Strategic Vision:
EchoStar's President and CEO, Hamid Akhavan, envisions a connected future where the company plays a pivotal role in offering ubiquitous connectivity to people, enterprises, and things worldwide. The merger with DISH Network is a crucial step towards realizing this vision, allowing the combined entity to leverage various transport modes, smart technologies, and integrated services to meet the diverse connectivity needs of customers.
Technology and Network Synergy:
The acquisition seamlessly integrates DISH Network's satellite technology, streaming services, and expansive nationwide 5G network with EchoStar's premier satellite communications solutions. This combination establishes the newly formed entity as a global leader in both terrestrial and non-terrestrial wireless connectivity. With DISH Network's 5G network covering over 70% of the U.S. population and EchoStar's successful launch of the JUPITER 3 satellite, the merged company is uniquely positioned to provide comprehensive communication and content distribution capabilities.
Leadership and Unmatched Capabilities:
Charles Ergen, Executive Chairman of the Board of EchoStar, emphasizes the historic nature of the merger, bringing together two trailblazing companies with complementary portfolios. The combined entity, headquartered in Englewood, Colorado, operates globally under a suite of established consumer and business brands, including Boost Mobile, Boost Infinite, Sling TV, and DISH TV. This extensive brand portfolio, coupled with EchoStar's Hughes and JUPITER satellite services, positions the company as a one-stop solution for a diverse range of connectivity needs.
Bridging the Digital Divide:
John Swieringa, President, Technology & Chief Operating Officer of EchoStar, underscores the importance of bridging the digital divide in today's digital-first economy. The merged company's combined brands, technology, and operational resources uniquely position EchoStar to offer a compelling global offering that connects consumers to internet access, mobile phone service, television programming, and streaming content. Additionally, the company aims to deliver secure terrestrial, non-terrestrial, and hybrid connectivity solutions to business and government customers.
Financial Analysis and Market Trends:
While technical analysis indicates a falling trend in EchoStar's stock prices in the medium to long term, recent strategic moves, such as the DISH Network acquisition, suggest a potential turnaround. Investors' acceptance of lower prices may be indicative of short-term challenges, but the company's focus on global connectivity and the positive momentum indicated by the RSI above 70 present a promising outlook for the stock.
EchoStar's completion of the DISH Network merger marks a significant milestone in its journey toward becoming a global connectivity powerhouse. The strategic vision, technological synergies, and unmatched capabilities position EchoStar as a key player in addressing the evolving needs of consumers and businesses in the digital age. As the company continues to bridge the digital divide, investors may find potential opportunities for growth in EchoStar's compelling and expansive connectivity offerings.