💥 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
CAKE is holding right above the ascending trendline support starting from $1.116
Immediate support lies at $2.38–$2.40, major support at $2.00–$2.10
Bounce from the trendline can push price towards $2.65 to $3.00
Breakdown below $2.38 trendline may open downside towards $2.10 and $2.00
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