According to Cointelegraph, Solana's (SOL) SuperTrend indicator has issued a 'buy' signal on its weekly chart, a development that has historically led to significant price rallies. This indicator, which tracks SOL's price trend similarly to moving averages, incorporates the average true range to help traders identify market trends. Historically, such signals have preceded substantial gains, with previous instances during the 2021 bull market resulting in rallies of 620% to 3,200%. The most recent signal in July 2023 led to a 1,339% increase, pushing prices to all-time highs above $295 from just over $20
source: https://www.binance.com/en/square/post/29723576420802?utm_source=BinanceNewsRSS