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Solana hits 8 straight red months amid declining users, but a breakout above $83-$87 could spark a rally.

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

Solana's price remains around $79.50, trapped in a $76-$90 range with network users dropping from 3 million to under 2 million and declining decentralized exchange activity. The token has recorded an unprecedented 8 consecutive red monthly candles, signaling bearish momentum similar to its 2021 bear market. Key support is at $68.02; falling below this would negate bullish setups. However, a breakout above the $83-$87 short liquidation zone could trigger rapid price gains, with potential targets up to $126.95 and long-term forecasts suggesting a rise to $500-$1,000 if historical patterns repeat.

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