Solana has recorded eight consecutive months of losses, marking the longest losing streak in its history. As of June 1, 2026, SOL is trading near $81, a significant drop from its October 2025 peak when it was valued at over $120 billion. The cryptocurrency has seen its market cap erode by approximately $78 billion since then. Despite the price decline, Solana's network activity remains robust, with 75.71 million daily transactions and $5.4 billion in total value locked in its DeFi ecosystem. However, macroeconomic pressures and reduced speculative trading have contributed to the ongoing price weakness. Traders are closely watching the $80 support level, with potential risks of further declines if this threshold is breached. Looking ahead, some analysts see potential for recovery if macro conditions improve, with price targets ranging from $85 to $150. Institutional interest and ETF inflows could serve as catalysts for a rebound, but resistance at the $85 to $90 range remains a critical hurdle.