Solana Price Prediction: SOL Prints Rare Monthly Signal as Traders Watch for the Next Move

Solana price action has been very volatile. The SOL price hit a peak at about $253 in 2025, after which Solana fell to a low of $67 and has been declining for months now. This bear trend has resulted in an event that has not occurred in the network's history. 

Eight straight red monthly candles have formed. This is what caught the eye of analyst Crypto Patel who pointed out that it is the first time Solana has closed eight consecutive months in the red in its history.

Why this SOL chart is getting attention

We had a look at the chart shared by Crypto Patel, and the comparison with the last major cycle is easy to spot. The decline occurred following a peak in the asset price at $260 in November 2021 and resulted in the price dropping to as low as $8 during this bear market cycle.

In doing so, Solana had nine red months in total, but not all of them were consecutive, and the ninth red month marked the bottom of this cycle. Following this bottoming out, Solana had one of its most impressive recoveries ever, taking the asset back to its new all-time high near $295.

For this time around, there are some slight differences in how this setup works for SOL. This has happened because SOL went from $253 to $67 and recorded eight consecutive red months so far. At this point, the ninth red monthly candle is being formed, and it is crucial to follow this situation.

Solana still has major catalysts ahead

The chart isn’t the only reason some investors remain optimistic about Solana’s future. Another key improvement is the Alpenglow upgrade which seeks to bring down the transaction finality time from approximately 12.8 seconds to about 150 milliseconds. 

The upgrade will also make various other efficiencies that will help to minimize the costs of being a validator. This is one improvement that makes it clear why Solana has such an advantage over competitors because of its blazing-fast processing times.

Institutional adoption continues to move forward as well. Visa has expanded its USDC settlement activity on Solana, and JPMorgan has used the network for tokenized commercial paper transactions. The value of real-world assets deployed on Solana has also moved above $2 billion, showing that activity on the network extends beyond speculative trading.

There are also a few regulatory developments worth watching. In the United States, investors are keeping an eye on the proposed CLARITY Act. If passed, it could provide clearer rules for digital assets and make it easier for institutions to participate in markets such as Solana.

What could be next for the SOL price?

Right now, the biggest question is whether the SOL price can hold its broader structure as this correction continues. Crypto Patel points to the $80-$50 area as a potential accumulation zone if the market moves lower. 

Nothing is guaranteed, and the ninth monthly candle still needs to close before any comparisons can be confirmed. Still, eight consecutive red monthly candles is a rare event for Solana, and it’s happening at a time when the network continues to expand its technology and institutional footprint.

According to CoinCodex’s 1-month SOL price prediction, Solana could reach $104.92 over the next month. That target sits well above current levels and would align with the broader bullish scenario many long-term investors are watching.