💥 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
Technical Support and Resistance
Technical analysts are watching the $5,000 level closely; it has shifted from a "floor" (support) to a "ceiling" (resistance).
Resistance: $5,000 – $5,100
Support: $4,800 – $4,915
If gold cannot settle back above $5,000 today, some traders are forecasting a further slide toward the $4,800 mark.$XAUT #GateSquare$50KRedPacketGiveaway