Solana falls to $60, down 80% from its ATH, as eight red monthly candles and record oversold RSI fuel bottom debate.
Solana is trading near a three-year low as traders debate whether the current crash marks a bottom.
Market analysts say SOL has fallen about 80% from its all-time high, while monthly indicators show one of the weakest readings in its history.
Solana Falls to $60 as Monthly Losses Extend
Solana recently touched the $60 level, according to market analysis shared by traders. The move places SOL near its lowest price in three years.
The decline has placed the token under close watch across the crypto market. Traders are also tracking whether the $60 area can act as support.
$SOL is the most oversold it has EVER been.
– Solana just hit a 3-year low of $60.
– Down -80% from its ATH.
– 8 consecutive red monthly candles for the first time in history.
– $SOL Monthly RSI is more oversold than the 2022 FTX crash when sol crashed to $8.Do you think the… pic.twitter.com/XrQs1444SA
— Ash Crypto (@AshCrypto) June 6, 2026
SOL has now recorded eight straight red monthly candles, based on the same market update. This would mark the first such stretch in Solana’s trading history.
The long run of monthly losses shows how weak the trend has become. It also shows why traders remain careful around any short-term rebound.
$10K Solana Investment Drops to About $2K
The sell-off has also affected investors who bought near higher levels. Crypto Patel noted that a $10,000 SOL purchase at $296 in January 2025 would now be worth $2,027.
That example shows a loss of $7,973, or about 79.7%. It also reflects the damage caused by buying near the market top.
If You Invested $10,000 In $SOL At $296 In January 2025…
Today Your Portfolio Would Be Worth Just $2,027That's A -$7,973 Loss (-79.7%)
Everyone Remembers The People Who Bought The Top.
But In The Future, People May Remember Those Who Had The Courage To Buy During The Brutal… pic.twitter.com/4uk7eHEmWW— Crypto Patel (@CryptoPatel) June 6, 2026
Market analysis has compared current buyers with those who entered near peak prices. The contrast has become part of the wider debate around risk and timing.
Some analysts are now watching the $60 to $40 range. They see it as a possible area where long-term buyers may become active again.
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RSI Data Fuels Debate Over a Possible Bottom
Solana’s monthly RSI has become a key talking point. Traders say it is now more oversold than during the 2022 FTX crash.
During that earlier crisis, SOL fell sharply and traded near $8. The current RSI comparison has raised questions about whether selling pressure is stretched.
However, an oversold RSI does not confirm a bottom by itself. Price still needs to hold support and form a stronger recovery structure.
Some market analysts have asked whether $60 SOL could be a future bargain. Others remain cautious because weak trends can continue during fearful markets.
Long-term price targets are also part of the discussion. Some analysts say SOL could look cheap if it reaches $500 to $1,000 in future cycles.
Those targets remain speculative and depend on market recovery, network use, and broader crypto demand. For now, the focus stays on support, RSI, and buyer reaction.
Solana’s next move may depend on whether $60 holds under pressure. A drop below that area could bring the $40 zone into view.
A recovery above nearby resistance would help ease short-term concerns. Until then, SOL remains in a fragile technical position.
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