💥 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
#BTC had touched the 73K support and gained upward momentum, but when it closed below 73k, the new support was 63-66k.
However, if it holds above 73, it is in a good buy zone.
On the other hand, if it is going to gain momentum, the 79k band should be supported, if it does, there may be a return to the 96k band.