Solana hits seven straight monthly losses, trading near $80 amid weak demand and cautious market.

Solana ($SOL) has recorded seven consecutive monthly losses, trading below $100 for 87 days and holding near $80 amid weak buying support. Despite rising futures open interest and increased net long positions suggesting early accumulation, the spot price remains range-bound between $70 and $86, showing market indecision. A break above $86–$88 could trigger upward momentum, but failure may lead to sharp sell-offs due to high leverage and thin liquidity. Investors are closely watching for a breakout or further decline as volatility remains compressed and market sentiment cautious.