Ethereum

Solana

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 <p>Ethereum (ETH) rival Solana (SOL) bucked the wider crypto market downtick amid a new integration with Binance’s Web3 Wallet.</p>
 <p>The fifth-ranked crypto asset by market cap is up more than 5% in the past 24 hours, compared to the overall crypto market cap, which is down 3.8% over the same period, according to CoinGecko.</p>
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 <p>Binance says its Web3 Wallet users can now trade SOL and access a range of DApps and upcoming airdrops.</p>
 <p>Some crypto analysts think the Ethereum rival is primed for a correction, however.</p>
 <p>Earlier this week, Ali Martinez told his 52,700 followers on the social media platform X that SOL’s Tom DeMark (TD) sequential indicator flashed a sell signal on its daily chart, which has historically signaled price drops for the smart contract platform. The trader predicts that SOL could retrace back to the $127-152 range.</p>
 <figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GInzoC-XcAAkgjT?format=jpg&amp;name=4096x4096" alt="" width="2184" height="1509">
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   Source: ali_charts/X
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 <p>The TD Sequential indicator is typically used to identify the potential turning point for an asset’s price.</p>
 <p>SOL is up more than 23% in the past week, nearly 52% in the past month and more than 62% since the start of the year. Despite those price gains, however, it remains nearly 32% down from its all-time high of $259.96, which it set in November 2021.</p>
 <p>SOL is trading at $177.72 at time of writing.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-bucks-crypto-market-downtick-jumps-in-price-amid-new-binance-web3-wallet-integration-tbt82733.html">https://thebittimes.com/solana-bucks-crypto-market-downtick-jumps-in-price-amid-new-binance-web3-wallet-integration-tbt82733.html</a></p>

Solana Bucks Crypto Market Downtick, Jumps in Price Amid New Binance Web3 Wallet Integration

TheBitTimes

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