💥 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
Bitcoin is currently forming a key resistance trendline. For a bullish continuation, it needs to break and sustain above this trendline.
A successful breakout could open the path for a new All-Time High.
However, if Bitcoin faces rejection from this level, the price may drop back below the $120K zone.
$BTC