Solana Bucks Crypto Market Downtick, Jumps in Price Amid New Binance Web3 Wallet Integration – The Daily Hodl

Ethereum (ETH) rival Solana (SUN) withstood the broader crypto market crash amid a new integration with Binance's Web3 Wallet.

The fifth-ranked crypto asset by market cap is up more than 5% in the last 24 hours, compared to the overall cryptocurrency market cap, which is down 3.8% over the same period, according to CoinGecko.

binance says Web3 Wallet users can now trade SOL and access a variety of DApps and upcoming airdrops.

However, some crypto analysts believe that Ethereum's rival is primed for a correction.

Earlier this week, Alí ​​Martínez said its 52,700 followers on social media platform The trader predicts that SOL could pull back to the $127-152 range.

Source: ali_charts/X

The TD Sequential indicator is typically used to identify the possible turning point in the price of an asset.

SOL is up more than 23% last week, almost 52% last month, and more than 62% since the beginning of the year. However, despite those price gains, it remains almost 32% below its all-time high of $259.96, which it set in November 2021.

SOL is trading at $177.72 at the time of writing.

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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and trading are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is it an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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