Solana Shows HNS Pattern Signal on Weekly Chart 🔥

Latest technical analysis on Solana (SOL) reveals the formation of a significant Head and Shoulders pattern on the weekly timeframe, creating a highly important trend reversal potential for traders. With the current price at $92.85 and a 9.20% decline in the last 24 hours, SOL is showing bearish signals worth noting. This emerging HNS pattern is reinforced by several other technical indicators, creating a multidimensional bearish scenario.

Head and Shoulders Formation on the Weekly Chart

In August 2025, Solana began forming a classic Head and Shoulders (HNS pattern) on the weekly timeframe. This pattern is one of the most reliable reversal formations in technical analysis, with a clear structure: left shoulder, head in the middle, and right shoulder. The formation of the HNS pattern on the weekly chart indicates that the potential for a trend reversal in Solana is becoming stronger, especially considering confirmation from other indicators.

Bearish Divergence Signals Confirm Downward Outlook

In addition to the HNS pattern formation on the weekly chart, several technical indicators show very clear bearish divergence. This divergence occurs when the price creates higher highs while the oscillator momentum creates lower highs, a strong signal indicating weakening buying momentum. The combination of the HNS pattern and bearish divergence provides double confirmation for a bearish outlook, increasing the validity of the downward price signal.

Downtrend Structure and Rising Wedge on Daily Chart

On the daily timeframe, Solana’s market structure has shifted to a bearish bias with the formation of lower lows (LL) and lower highs (LH) that are consistent. In this context, SOL is in the process of forming the next lower high, creating a structured downtrend momentum. Along with this, a Rising Wedge pattern is beginning to appear on the daily chart, converging with the bearish signals from the weekly HNS pattern, strengthening the possibility of a downward breakout.

Trading Implications and Key Levels to Watch

The combination of the HNS pattern on the weekly chart and the rising wedge on the daily chart creates a powerful setup for traders looking for short opportunities or to exit long positions. The current price at $92.85 is in a critical zone, with previous support levels that need to be monitored as defensive levels. Traders should closely observe whether the HNS pattern will complete and produce a convincing breakdown, which would serve as definitive confirmation of the bearish outlook currently forming on Solana.