💥 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 ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
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Resistance Levels:
Strong resistance at 126,000 (previous double top)
Mid-term resistance at 111,000 (multiple rejection points)
Short-term resistance at 103,500 (recent consolidation area)
Support Levels:
Immediate support at 95,900 (current testing area)
Next major support at 90,000 (psychological level)
Critical support at 85,000 (historical support zone)$BTC