💥 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... look at that wick on $AVNT . Someone just got trapped at the top.
The 1H chart shows a massive rejection at 0.2200. We had a solid momentum build-up, but that long upper shadow suggests the sellers were just waiting to rug the move.
The current price is sitting around 0.1930, struggling to hold this local support. If we don’t see a bounce soon, we’re likely heading back down to test the 0.1840 zone where the previous base was.
Volume is decent but clearly fading after that spike. I’m staying patient here—no point chasing until the price action stabilizes and proves it can hold above 0.1900.
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