Crypto analyst Jason Pizzino is forecasting more bad news for several major cryptocurrencies. He believes XRP, Solana (SOL), and Ethereum (ETH) are likely to see further price declines.
XRP: A Deeper Dive?
Pizzino predicts XRP will continue its downward trend, targeting a price of around $1.40. He notes that even with a recent 20% drop, more losses are expected. At the time of writing, XRP is trading at $1.87.
Solana (SOL): Heading Towards $60?
For Solana, Pizzino is using a technical analysis indicator called the “3-bar rule” to support his prediction of a drop to $60. This would represent an 80% decline from its current price. He points out that this level of correction isn’t unusual for major altcoins. SOL is currently trading at $106.
Ethereum (ETH): A Dip Below $1500?
Pizzino also sees Ethereum heading lower. While the price has already hit his initial target of around $1500, he believes a further drop to $1200 is possible if the current price level can’t hold. Ethereum is trading at $1,574 at the time of writing.
Disclaimer: This information is for general knowledge only and is not financial advice. Always conduct your own research before making any investment decisions.
