💥 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
ETF Outflows and "Extreme Fear"
The "Fear & Greed Index" has plunged to a level of 5 (Extreme Fear). This follows a rocky week where U.S. spot Bitcoin ETFs saw a net bleed of over $410 million. Investors appear to be moving toward "risk-off" assets ahead of key U.S. inflation data (CPI) and following a broader sell-off in the technology sector#GateSquare$50KRedPacketGiveaway