Solana (SOL) Daily Market Analysis 08 June 2026

Here's the latest on Solana (SOL) – a sharp 6.95% rebound to $66.96 on 8 June 2026, but underlying risks remain high: • SOL hit a 31-month low near $61 on 6 June, with a 50% year-to-date decline and 24% weekly loss • Institutional pressure mounted as Goldman Sachs cleared its $108M spot ETF position and ETF flows turned negative • Derivatives show mixed signals – short liquidations dominate (92.7% of recent liquidations), but 77.9% of Binance traders are long, creating downside risk • Ecosystem momentum continues with Mastercard stablecoin settlement, Google Cloud's Pay.sh launch, and $716M in RWA capital flowing in May 2026 • Fear & Greed Index at 9 (Extreme Fear) and Bitcoin at $63,148 suggest fragile market conditions for altcoins