💥 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
The TOTAL3 index, which measures the performance of altcoins excluding Bitcoin and Ethereum, currently presents an interesting potential for market-aware investors. According to the analysis shared by CyrilXBT, this key indicator maintains a positive long-term momentum, suggesting that the market is more in a consolidation phase rather than a cycle end.
The trajectory of this index offers additional expansion potential for the altcoin sector, provided that the critical trendline is preserved. As long as this technical support remains intact, market observers anticipate a significant future upward movement. This analysis highlights the importance of closely monitoring this indicator to identify investment opportunities within the altcoin ecosystem during its strategic accumulation phase.