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Solana hits historic oversold RSI levels, down 80% with 8 red months, signaling deep market weakness.

Technical Signals
06 Jun 2026
Blockonomi
View Source
Bearish
pluang ai news

Solana's price has dropped nearly 80% from its all-time high, marking eight consecutive red monthly candles—the longest losing streak in its history. The RSI indicator shows Solana is more oversold now than during the 2022 FTX crash, indicating extreme bearish momentum and weakening market structure. Key resistance lies between $76 and $83, with support zones at $53, $35, and $24 as liquidity thins below current prices. Traders and analysts are closely watching these levels for potential recovery or further declines amid ongoing market volatility.

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