💥 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
Crypto KOL Murphy recently shared insights on how to measure the proportion of crypto supply within the 5% zone of the spot price. Unlike conventional methods that use the Volume Profile Visible Range (VPVR), this renowned KOL explained that a more accurate approach is to take data directly from the (order book) available on various crypto exchanges. Murphy's clarification is important because it shows how industry professionals in cryptocurrency analyze supply metrics with higher precision, providing traders and investors with a deeper understanding of the actual market dynamics.