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Solana flashes new buy signal; break above $85 is next upside pivot

Solana has switched to a buy signal on the Supertrend indicator on a three-day chart, raising expectations of a medium-term rebound. The signal marks the first bullish turn since October last year. Solana rose 16 percent to $83.98 after moving above $78 on June 30. Investors withdrew about 1.5 million SOL, worth about $120 million, from exchanges, while new addresses rose by about 1.6 million over three weeks. The key hurdle is the $79 to $85 zone.