💥 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
2.13 Bitcoin Analysis
Recent market volatility has increased, and last night’s price dipped as expected to the 65,000 target level.
Today is likely to enter a sideways consolidation phase, with overall trading focusing on rebound-based shorting, strictly controlling positions, and taking profits.
Resistance above is at 67,000; if stabilized, it could rise to above 68,000.
Support below is at 65,000; a confirmed break below could further open the downside space.
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