💥 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
#ALTS MARKET CAP ANALYSIS
The #altcoins market cap has broken down from the ascending triangle #pattern and is currently #trading within a horizontal demand zone. Holding this level could trigger a #bullish rally. However, a breakdown below the demand zone may lead to further correction in the #altcoin market. #crypto