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Home»ALTCOIN NEWS»Solana Bucks Cryptocurrency market slumps, prices soar with new Binance Web3 wallet integration
ALTCOIN NEWS

Solana Bucks Cryptocurrency market slumps, prices soar with new Binance Web3 wallet integration

By Crypto FlexsMarch 17, 20242 Mins Read
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Solana Bucks Cryptocurrency market slumps, prices soar with new Binance Web3 wallet integration
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Ethereum (ETH) rival Solana (SOL) has overcome the cryptocurrency market slump thanks to its new integration with Binance’s Web3 wallet.

According to CoinGecko, the fifth-largest cryptocurrency asset by market capitalization is up more than 5% in the past 24 hours, while the overall cryptocurrency market cap is down 3.8% over the same period.

Binance Called Web3 Wallet users can now trade SOL and access various DApps and future airdrops.

However, some cryptocurrency analysts believe that Ethereum’s rival is ready for a correction.

Ali Martinez earlier this week said SOL’s Tom DeMark (TD) sequential indicator flashed a sell signal on the daily chart with 52,700 followers on social media platform Traders predict that SOL could revert to the $127-152 range.

Source: ali_charts/X

The TD Sequential Indicator is commonly 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 remains almost 32% below the all-time high of $259.96 set in November 2021.

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

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute 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 transactions are entirely at your own risk and you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created by: Midjourney

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