💥 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
BTC/USDT Summary:
• Trend: Short-term Bullish (price is holding above key EMAs).
• Resistance: $94,760 (local high) and $96,500 (major daily resistance).
• Support: $91,500 (immediate) and $89,500 (strong).
• Current State: Consolidating after hitting $94.7k. The trend remains upward as long as it stays above $91.5k.