💥 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
As of January 18, 2025, Bitcoin (BTC) is trading at $104,905.00, reflecting a 4.31% increase from the previous close.
In the past 24 hours, BTC reached a high of $105,912.00 and a low of $99,356.00.
The 24-hour trading volume stands at $705.47 million, contributing to a market capitalization of $1.91 trillion.
Over the past month, Bitcoin has appreciated by approximately 21.07%, and over the past year, it has surged by 121.16%.
Market sentiment remains positive, with Bitcoin maintaining a dominance of 46.045% in the cryptocurrency market.
Please note that cryptocurrency markets are highly volatile. It's advisable to conduct thorough research or consult financial advisors before making investment decisions.