Solana Forms HNS Pattern on Weekly Timeframe - Bearish 🔥 Trend Reversal Signal

In the first week of 2026, Solana (SOL) continues to show significant technical vulnerabilities. Recent analysis reveals that the hns pattern has been clearly identified on the weekly chart, bringing important implications for traders and investors who monitor the movement of this digital asset.

Head and Shoulders Pattern Formation Clearly Detected

In the weekly timeframe, the configuration of the hns pattern that is formed indicates a substantial potential trend reversal. This classic pattern features a structure with a higher “head” than a “shoulder” on either side, creating an eye-catching technical zone. This kind of formation has historically often preceded significant bearish movements in various financial instruments.

The price of SOL is currently at the level of $114.55 with a decline of -7.74% in the last 24 hours, confirming the ongoing bearish pressure in the market.

Bearish Divergence and Rising Wedge as Strong Indicators

In addition to the identification of hns patterns on the weekly chart, several additional technical indicators reinforce the bearish scenario. The bearish divergence is evident when the price forms a new high but the indicator’s momentum declines. This phenomenon underscores the fundamental weakness of the previous rally.

On the daily timeframe, Solana’s market structure shows a consistent pattern of lower lows (LL) and lower highs (LH), reflecting a steady bearish trend. In this condition, the formation of the rising wedge pattern occurs simultaneously with the hns pattern on the weekly chart, creating a cohesive and noteworthy multi-timeframe bearish scenario.

Technical Implications and Warning Signals for SOL

The combination of the hns pattern, bearish divergence, and rising wedge pattern on multiple timeframes presents a strong bearish setup from a technical analysis perspective. Traders need to pay attention to critical support levels and volume to anticipate breakouts from these formations.

The negative momentum shown through the hns pattern carries a clear message: further moves could potentially lead downwards before stabilization occurs. Continuous monitoring of these technical patterns will help identify optimal entry and exit points in Solana trading.