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Solana hits record 8 months of price drops, trading near $81 amid strong network activity.

Market News
01 Jun 2026
Bitcoin
View Source
Bearish
pluang ai news

Solana (SOL) has experienced its longest losing streak ever, closing eight consecutive red monthly candles from October 2025 to May 2026, with its price dropping from a peak of over $220 to around $81. Despite this significant price decline and a market cap loss of about $78 billion, Solana's network metrics remain robust, with over 75 million daily transactions and $5.4 billion in DeFi value locked. The price weakness is attributed to tight macroeconomic conditions, fading retail interest, and repeated resistance near $85 to $90. Traders are closely watching the $80 support level, which could signal either a recovery or further decline toward $70. Ongoing network upgrades and potential institutional inflows offer some optimism for a rebound later in 2026 if broader market conditions improve.

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