Solana has made history by posting an unprecedented streak of monthly losses, placing the cryptocurrency at a critical crossroads. While the trend remains bearish, similar conditions in previous cycles have preceded major recoveries.
Solana Records An Unprecedented Eight Consecutive Red Months
In a recent market analysis, Crypto Patel highlighted a remarkable development in Solana’s price history. SOL has now posted eight consecutive red monthly candles, marking the first time such a streak has occurred since the cryptocurrency was launched. This rare event could provide valuable clues about where the market stands within its broader cycle.
Drawing comparisons to the previous bear market, the analyst recalled Solana’s dramatic decline from its 2021 all-time high near $260 to a low of approximately $8. During the downturn, SOL produced 9 monthly red candles in total, but they were not consecutive. Notably, the 9th red candle marked the cycle bottom, after which SOL embarked
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