💥 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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The main resistance area is around 0.0223 – 0.0230, which is an important zone to determine whether the price can continue its upward trend or is halted by profit-taking actions. Meanwhile, the nearest support level is at 0.0195, with a healthy pullback area around 0.0180 if a correction occurs.
Overall, the market is still bullish but has entered a volatile phase after the sharp increase.
Traders are advised to pay attention to volume and breakout confirmation before making decisions, and to avoid FOMO-based entries at the top area without valid trend validation. 🚀📉
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