Solana's Historic Losing Streak Hits Eight Months

Solana (SOL) has experienced its longest losing streak since launch, posting an eighth consecutive red monthly candle in May.

This marks a historic low for the token, which has slid from roughly $253 to near $67 over this period.

Analysts flag the $50 to $80 zone as a possible accumulation range, echoing the 2021 cycle when SOL's price plummeted from its peak near $260 to a low around $8.

Crypto Patel highlighted that the decline produced nine red monthly candles but did not run back-to-back, with the ninth marking the bottom before SOL climbed to a fresh record near $295.