Can Solana End Its 10-Month Losing Streak in August 2026?

Solana begins August 2026 after ten straight red months with SOL near $73. A key fee burn proposal could increase daily SOL burns to $650,000.

Hero: A bearish financial chart displaying Solana's ten consecutive red monthly candles with price levels around $73 and declining trend lines against Bitcoin

Summary

Solana begins August 2026 after ten straight red months with SOL near $73.
A key fee burn proposal could increase daily SOL burns to $650,000.
Solana price prediction models show a 48 percent chance of reaching $80 by month end amid bearish sentiment.

Solana opens August 2026 on a ten-month losing streak. The token trades near $73 after a 75 percent drop from its all-time high. This marks the longest monthly decline sequence in recent history.

The streak leaves SOL vulnerable versus Bitcoin and the broader market.

Technical signals point to continued downside pressure as the month begins.

Context

July 2026 closed as Solana's tenth consecutive red month. The price action left the asset well below prior highs and exposed it to further weakness against Bitcoin. Market participants now watch whether the pattern can break in the new month.

Solana price prediction data from CoinDCX places the token between $72.27 and $78.99 by August 10.

Broader forecasts target $78 with a possible range up to $91.33 under optimistic conditions.

Details

A governance proposal labeled SGP-0003 aims to lift daily SOL burns from roughly $47,000 to $650,000 through fee adjustments. The change would rework network fees and double the burn rate if approved. Validators face scrutiny over whether they will support the measure or allow a zero-burn outcome through collusion.

"SOL near $73 and down 75% from its all-time high."

, Market analysis

Meme coin activity continues inside the Solana ecosystem. The OnlyMarms token raised more than $14,000 for marmot research, outpacing a parallel OnlyFans campaign that collected $6,000. Such projects illustrate ongoing retail engagement even as price momentum stays negative.

Solana price prediction models from CoinGecko assign a 48 percent probability of SOL reaching $80 by August 2026.

Support at $70 carries a 70.5 percent probability. Overall sentiment remains bearish according to the same data.