EthereumETH) rival Solana (SOL) bucked the wider crypto market downtick amid a new integration with Binance’s Web3 Wallet.
The market cap of the 5th-ranked asset in terms of crypto has risen more than five percent over the past day, while the total crypto market cap was down by 3.8%. CoinGecko.
Binance says Web3 Wallet now allows its users to access upcoming Airdrops, DApps as well as trade SOL.
Crypto analysts believe that Ethereum’s rival, Ripple, is due for a correction.
Ali Martinez, who was interviewed earlier in the week told The 52,700 SOL followers following him on the social platform X have been informed that the Tom DeMark (TD), sequential indicator, flashed a sale signal in its daily chart. This is a signal which historically has indicated lowered prices for smart contract platforms. He predicts SOL will retrace to a range between $127 and 152.
The TD Sequential Indicator is used to determine the possible turning point of an asset’s value.
SOL has risen by more than 22.3% over the last week, more than 52.2% during the month of November and 62% from the beginning of this year. The price of SOL has risen by more than 23% in the past week, nearly 52% over the last month and 62% since it began.
SOL currently trades at $177.72 as of the time this article was written.
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