💥 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
#HBARUSDT Loses stability - Is there more decline? 📉
The price of $HBAR broke the weekly neckline, confirming its loss of stability over the longer time frame.
With sellers continuing to dominate, the price may continue to decline toward the next major support level around $0.05.
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