The Solana witnessed a rebound in their move (SOLThe ) market halted midway this weekend as it fell below the $90 mark from its high of $96 in February 21st. SOL technicals now face a bearish setup due to this.

Dubbed head-and-shoulders (H&S), the technical pattern emerges when the price forms three peaks in a row atop a common support level (called a neckline). It is common for the middle peak of the pattern, known as a “head”, to rise higher than the two lower peaks called theleft shoulder and right shoulder, which have similar heights.