💥 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
While Bitcoin is said to "immediately" fill the $84K futures gap, BTC has failed to sustain levels above its 2021 all-time high and has been pushed back. Market participants are divided on the short-term outlook for BTC prices, with some warning of a new macro low, which contrasts with the $84K target.