Key Takeaways:
Solana closed 8 consecutive red monthly candles in May 2026, the longest losing streak in SOL’s history. SOL trades near $81 after shedding roughly $78B in market cap from its October 2025 peak above $120B. Solana’s network logged 75.71M daily transactions and $5.4B in decentralized finance ( DeFi) total value locked (TVL) on June 1, 2026.Developer work continues on Firedancer and Alpenglow, two upgrades targeting faster finality and throughput improvements. Non-vote transaction counts have remained near record levels in recent quarters.
The Bull Case at $81Bulls point to the fresh June monthly candle as a potential inflection point. The $80 to $82 range has shown demand in recent weeks. Longer-term price targets from analysts include a near-term recovery toward $85 to $88, with optimistic cycle scenarios eyeing $120 to $150 or higher later in 2026 if macro conditions improve.
Risks AheadThe key risks to monitor are continued resistance at $85 to $90, any further slowdown in ETF inflows, and a potential breakdown below the $80 support zone that could accelerate selling toward $70.
