For the first time since Solana launched, $SOL has closed 8 consecutive months in the red.
Think about that for a moment. Not seven. Not a mixed sequence. Eight straight monthly losses — something we've never seen before in Solana's history.
Looking back at the previous cycle, Solana peaked near $260 in late 2021 before entering one of the most brutal bear markets in crypto. The price eventually crashed to around $8, wiping out most of its gains.
Interestingly, during that entire bear market, Solana printed a total of 9 red monthly candles. However, they were not consecutive. The final red month came very close to the cycle bottom.
What happened next?
$SOL went on to stage an incredible recovery, climbing from roughly $8 to a new all-time high near $295 over the following years.
Of course, history doesn't guarantee the future. But extreme bearish sentiment often appears when markets are approaching major turning points.
Now the big question is:
Does this historic streak signal more downside ahead, or is it the type of exhaustion that tends to appear near a major bottom?
I'm watching closely. 👀
$SOL #Solana #Crypto