Solana (SOL) has been among the cryptocurrencies taking center stage throughout 2023 – and particularly during the rally that started in late October. Its overall performance can be described as impressive as it has added more than $50 to its price – and more than $22 billion to its market cap – since January 1.
Its impressive performance brought SOL into the limelight, with various analysts assessing that it is currently stronger than ever and even going as far as to predict that it might outshine Ethereum (ETH) next year.
While offering a strong performance, Solana’s trajectory hasn’t been entirely stable – as is often the case on the crypto market – and TD Sequential, a technical analysis (TA) tool created by a market analyst called Tom DeMark, signaled that it may be facing an imminent price correction.
Will SOL retrace below $48?
A prominent cryptocurrency analyst – Ali Martinez – took to X on December 5 to warn that TD Sequential, a tool designed to signal likel
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