Solana Just Made History, Could A Massive Recovery Be Next?
Solana is in a historically rare downturn, with eight straight monthly red candles for the first time since launch. A previous bear market showed a similar pattern: SOL fell from about $260 to $8, logged nine red monthly candles total, and the final red candle marked the cycle bottom before a major rally to a new all-time high near $295. Current price action has dropped from roughly $253 to $67, and the ongoing ninth monthly candle could be important. If the past pattern repeats, the $50–$80 area may become a macro accumulation zone, with longer-term upside potentially reaching much higher levels in the next expansion. On shorter timeframes, SOL may be forming an ending diagonal, a pattern often seen near the end of a bearish move. A confirmed breakout above the pattern’s upper boundary would support a trend reversal and a corrective rebound.
