Ethereum (ETH) rival Solana (SOL) has countered the broader cryptocurrency market selloff amid a new integration with Binance’s Web3 wallet.
According to CoinGecko, the fifth-largest crypto asset by market capitalization is up more than 5% in the past 24 hours, while the overall market capitalization of crypto assets is down 3.8% over the same period.
Binance To tell Web3 Wallet users can now trade SOL and gain access to various DApps and upcoming airdrops.
However, some crypto analysts think Ethereum's rivals are ready for a correction.
Earlier this week, Ali Martinez Said His 52,700 followers on social media platform He reported that he had done so. The trader expects SOL to potentially return to the $127-$152 range.
The TD Sequential indicator is typically used to identify potential turning points in asset prices.
SOL is up more than 23% in the past week, nearly 52% in the past month, and more than 62% since the beginning of the year. However, despite this price increase, it is still down nearly 32% from its all-time high of $259.96 in November 2021.
At the time of writing, SOL is trading at $177.72.
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