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Solana’s weekend bounce risks turning into a bull trap — Can SOL price fall to $60 next? -Breaking

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A rebound transfer witnessed within the Solana (SOL) market this weekend exhausted halfway as its value dropped beneath the $90 stage from a excessive of $96 on Feb. 21. In doing so, SOL value technicals at the moment are risking a traditional bearish reversal setup.

Dubbed head-and-shoulders (H&S), the technical sample emerges when the value varieties three peaks in a row atop a standard assist stage (known as a neckline). Because it sometimes seems, the sample’s center peak, known as a “head,” comes longer than the opposite two peaks, known as theleft and proper shoulders, which come to be of comparable heights.

day by day value chart that includes head-and-shoulders setup. Supply: TradingView
SOL/USD day by day value chart that includes bear flag setup. Supply: TradingView