Solana's Longest Losing Streak: Eight Consecutive Red Months

Solana has hit its longest losing streak since launch, logging eight consecutive red monthly candles in May. This marks the first time this has happened for Solana, with analysts warning that it's too early to call a turn.

The token has slid from around $253 to near $67, leaving many wondering if this is a sign of deeper losses or a historic rebound. Some analysts are flagging the $50 to $80 zone as a possible accumulation range, echoing the 2021 cycle.

Crypto Patel recalled Solana's plunge from its 2021 peak near $260 to a low around $8, which produced nine red monthly candles but did not run back to back. Patel cautioned that it remains early to call a turn and framed the $50 to $80 area as a possible accumulation zone.