💥 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
XRP Shows Bear Trap with 300% Higher Activity
The XRP situation reveals classic characteristics of a developing bear trap. The explosive increase in blockchain activity does not reflect institutional accumulation but rather panic movements and massive transfers to exchanges, signaling significant selling pressure.
Technical Signs Confirm Continued Decline
The $1.38 price is trapped in a severe downtrend, marked by lower highs and decreasing lows. Network activity surged 300%, a phenomenon that typically does not indicate strength but a lack of rational support. On-chain transaction volume screams signs of liquidation, with massive transfers between wallets and major exchanges.
Technical momentum is firmly negative. The bear trap forms precisely when new sellers enter after the initial panic, expecting reversals that never materialize. Traders should recognize this pattern and wait for more solid support levels before considering any entry.
Trading Structure and Risk Management
For those looking to trade the expected extreme volatility:
Extreme volatility ahead requires strict risk management. The bear trap persists as long as there is no evidence of structural reversal in the network’s lows. Stay vigilant on support levels and avoid FOMO during potential intraday rallies.
Updated data: XRP at $1.38, +1.61% change in 24h with a volume of $96.73M.