Investors Turn to DigiHorse (DIGI) Amid Predictions of Solana’s Plummet to $55 and Ethereum’s Decline to $1,980
Amid growing concerns about potential downturns for major cryptocurrencies like Solana (SOL) and Ethereum (ETH), investors are increasingly turning to DigiHorse (DIGI) as a safer and more promising alternative.
With market analysts predicting significant price drops for SOL and ETH, DigiHorse is capturing attention with its innovative blockchain-based gaming platform and strong presale performance.
Top analyst Alan Santana has recently revised his forecast for Solana (SOL), predicting a sharp decline to $55. Santana highlights that this level lacks substantial support, which could exacerbate Solana’s downtrend.
Comparing Solana’s potential price action to Ethereum’s past patterns, he warns that Solana, as a smaller and less established cryptocurrency, could experience an even more severe crash. Santana anticipates that this decline might begin around August 29, with the lowest point possibly occurring by September 19.
While some market watchers have set a floor at $85, Santana suggests a potential drop as low as $33. Currently trading at $145, Solana’s value has decreased by 1% over the past day, and a further decline to $55 would represent a substantial 62% drop.
Veteran trader Peter Brandt has also issued a bearish forecast for Ethereum (ETH), identifying $2,830 as a crucial resistance level. According to Brandt, short-selling ETH remains a valid strategy unless the price surpasses this threshold.
If selling pressure continues to mount, Brandt suggests that ETH could fall to the $1,980 support level, representing a 22% decline from its current price of $2,551. Brandt attributes this bearish outlook to a market sentiment imbalance, where sellers seem more motivated than buyers, potentially leading to further downward
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