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SOL an epic bear run! 10 straight months of monthly candles closing bearish, down 75%—when will it hit bottom? 🥲
This kind of market is really rare in crypto!
SOL surged to a high of $296, then was directly dumped from the $260 high all the way down to $73, with a cumulative drop of as much as 75%.
The monthly chart has already been printing bearish candles for 10 consecutive months, setting a rarely seen ultra-long consecutive bearish record among major coins.
The most contradictory point comes next: prices are falling terribly, but the Solana ecosystem hasn’t really broken down.
On-chain developers keep moving in; daily trading, ecosystem applications, RWA, and AI tokenization segments have long remained among the most active.
Fundamentals are genuinely still expanding—only the coin price keeps grinding lower, which is painful.
Now everyone is waiting for a key signal: the monthly chart closing bullish.
After 10 consecutive months of bearish dominance, if next month the monthly candle successfully flips and closes bullish, it will most likely be the starting point of a reversal from this long downtrend, and the market may see a phase of recovery and rebound.
Are you currently holding SOL and lying flat waiting for the reversal, or have you already cut losses and exited?
Do you think next month will produce the first monthly bullish candle?
Chat in the comments—let’s talk about your views; useful insights, please like and share!
#SOL #Solana #crypto market analysis
⚠️Only objective market review and not any spot/futures contract investment trading advice. Market volatility risk is extremely high!