Solana Stuck in Eight-Month Losing Streak

Solana has closed eight consecutive months of losses, marking its longest streak since launch. This red-hot trend has seen SOL plummet from around $253 to a current price near $67.

Analysts are flagging the $50 to $80 zone as a possible accumulation range, echoing the 2021 cycle. This echoes the pattern that played out in the last bear market when Solana's price dropped from its peak near $260 to around $8.

Crypto Patel, an analyst, noted that while it's early to call a turn, the fractal could repeat and lead to a move toward $500 to $1,000 in the next expansion. A cluster of short liquidations sits between $83 and $87, which could spark a quick rally if buyers force a squeeze.