With Shiba Inu on the Brink of a 50% Drop, Ethereum 30%, Investors Eye DigiHorse (DIGI) for Stability

As Shiba Inu (SHIB) and Ethereum (ETH) face potential significant declines, investors are turning their attention to DigiHorse (DIGI) as a more stable alternative. Recent market analysis has highlighted troubling trends for both SHIB and ETH, prompting a shift towards emerging assets like DigiHorse.

Shiba Inu Faces 50% Potential Drop

Recent technical analysis by analyst Cryptorphic reveals a concerning outlook for Shiba Inu. The analysis indicates that SHIB is currently trading at approximately $0.000013401, with critical support levels at $0.000006836 and resistance around $0.00001799. The asset has been following a downward-sloping resistance trendline that has consistently capped its recovery attempts.

The Relative Strength Index (RSI) for SHIB is nearing the oversold zone, suggesting the potential for further downside. Should SHIB fall below its immediate support at $0.00001073, it could test lower levels, potentially reaching the $0.000006836 mark—a dramatic 50% drop from its current value.

Despite this bearish outlook, Cryptorphic notes that a sudden market reversal could lead to a significant rally, potentially driving SHIB back towards its all-time high. 

Ethereum Set for a 30% Decline

The negative sentiment extends beyond Shiba Inu. Veteran trader Peter Brandt has projected a potential 33% drop for Ethereum, forecasting a price decline to $1,651. 

This prediction stems from a recently completed 5-month rectangle pattern and a rising wedge formation on Ethereum’s intraday chart. Brandt’s trading strategy involves a short position with a target of $1,651, contingent on ETH remaining below $2,961.

Investors Turn to DigiHorse (DIGI) for Stability

In light of the precarious positions of Shiba Inu and Ethereum, investors are increasingly turning to DigiHorse (DIGI) as a stable investment option. DigiHorse offers a unique blockchain-based ecosystem centered around NFT racehorses, featuring a robust play-to-earn model that has gained substantial traction.

The DigiHorse presale is currently underway, offering 450 million DIGI tokens. The presale is structured in stages, with the initial price set at $0.003333 per token. As the presale progresses, the price is expected to rise, with projections indicating a final listing price of $0.075, a 21X return. 

This early investment opportunity highlights the potential for substantial returns, attracting a growing number of investors seeking stability amid the current volatility.

For more information and to participate in the DigiHorse (DIGI) presale, visit the official DigiHorse Empires website.

Twitter: https://x.com/DHorseEmpires

Telegram: https://t.me/DigiHorseEmpiresOfficial

Website: https://digihorseempires.io

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