💥 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
Bitcoin dominance is showing a strong bounce back now.
This means liquidity is now favoring BTC, and this isn't good for alts.
I think Bitcoin dominance could rally towards the 61%-62% level before reversal.
When that happens, altcoins will rally.
#AltcoinMarketRebound
#BtcPriceAnalysis