💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
#BTC UpdateWe are currently in the HTF demand zone between 75k and 79k. If this zone does not work as support, the next one is just below it between 70k and 74k -> which is the early 2024 top before the breakout. The second zone is a more bullish case according to @intocryptoverse \'s comparison with the $NVDA and $GOOG charts.