💥 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
Wait, did everyone just miss that massive volume spike on $OM ?
The chart was literally flatlining for days and then out of nowhere it just exploded. We just saw a huge green candle push through the old resistance, and even though there’s a bit of a cool down right now, the buyers are clearly in control.
Right now 0.0617 is the level to watch. It’s trying to consolidate after that pump. If it holds this area, we might see another leg up toward the 0.0700 mark. But if it loses steam here, I'm looking at the 0.0530 zone for a potential retest.
The order book is looking heavily skewed toward the buy side at nearly 80% so the momentum is there. Just don't chase the top if you missed the initial move.
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