💥 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
ETH is currently rebounding after touching around 3025 below. Overall, the dip looks relatively strong, but the trend has not fully shifted. You can continue to observe the resistance levels at 3180-3140 and 3210-3255. If these resistances are broken, consider attempting a long position at higher levels. Look for a potential drop of 30-380 points.