Solana has recorded 10 consecutive months of bearish performance, a streak that highlights the ongoing downturn for the blockchain platform's native token. The data, based on monthly price comparisons, shows that SOL has ended each of the past ten months lower than it started.
The 10-month streak
The bearish performance means that for ten straight months, the token's price has declined on a month-over-month basis. This is a sustained period of negative returns for Solana. The streak is based on closing prices at the end of each month.
What the data shows
The data does not specify the exact percentage decline or the reasons behind the trend. It simply indicates that Solana has not posted a monthly gain in ten months. The length of the streak is a key metric for those tracking the cryptocurrency's performance.
For holders, the prolonged decline represents a continuous loss in value over the period. The streak may influence trading strategies and market perception of Solana.
The next monthly close will determine whether Solana can break the streak or extend it to 11 months. The data for the current month is not yet available.
