Integration with Binance Web3 Wallet
Despite a broader crypto market decline, Solana (SOL) has bucked the trend and seen a price surge. This is largely attributed to its recent integration with Binance’s Web3 Wallet.
Binance users can now trade SOL and access decentralized applications (DApps) and upcoming airdrops through their Web3 Wallet.
Analyst Predictions
Some analysts, however, caution that SOL may be due for a correction. Ali Martinez noted a sell signal on SOL’s Tom DeMark (TD) sequential indicator, which has historically predicted price drops. He suggests SOL could retrace to the $127-152 range.
Recent Performance
Despite the potential correction, SOL has had a strong recent performance:
- Up 23% in the past week
- Up 52% in the past month
- Up 62% since the start of the year
Current Price
At the time of writing, SOL is trading at $177.72. While it has seen gains, it remains 32% below its all-time high of $259.96 set in November 2021.
