The crypto market is often characterized by bouts of intense volatility where bulls and bears clash in a fierce battle for market dominance. The bearish activities in the past weeks have had investors and traders in a steep.
Particularly, XRP and SOL traders/investors have been caught in a web of dilemma as a result of mixed signals formed on the coins’ charts. Analysts believe it’s already time to look towards new promising projects like DigiHorse.
What Is The Big Deal About XRP’s Dilemma?
XRP has been oscillating around the 20-day Exponential Moving Average (EMA) of $0.57, signaling a fierce standoff between buyers and sellers. If XRP breaks and sustains above $0.58, buyers will gain short-term momentum, paving the way for a potential rally to the next resistance level of $0.64, where bears are likely to mount a strong defense.
However, a downside break below the 50-day SMA ($0.54) could flip the short-term script, intensifying selling pressure and potentially sending the pair tumbling to $0.46.
The Bears Maintaining Grip on SOL
SOL’s price dropped below the key $141 support on August 15, and the bears maintained their grip on August 16, extending the decline.
SOL/USDT pair risks falling to $130, a critical support zone, where a bounce could reinvigorate bullish efforts to overcome the moving averages. A successful breakout above $164 would then likely accelerate the bullish momentum.
On the other hand, breaking below $130 may unleash fresh selling pressure, putting the pair on a trajectory to retest the key support level of $116.
DigiHorse: The Underdog With Potentials
DigiHorse, the first of its kind NFT horse racing platform, has piqued investors’ interest due to its exciting features, including early bird incentives and a referral program that rewards users for inviting new members. With its exceptionally low entry price, it is no-brainer that investors are eager to purchase DIGI at this early stage. However, this opportunity is fleeting, and once DIGI officially launches, this unique window will close.
Digi is currently in presale, providing a unique opportunity to invest in 450 million tokens at $0.0033 each. Analysts predictions suggest a listing price at $0.075, which could translate to a staggering 2,150% return for early adopters.
Also, its plans to launch on multiple exchanges will increase its visibility and accessibility.
Learn More About the Thrilling Opportunities of DigiHorse ($DIGI) Presale Now!
Website: www.digihorseempires.com
Twitter: DigiHorse Empires
Telegram: DigiHorse Empires Official
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