💥 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
Everyone keeps asking why alts and utility tokens are getting destroyed.
Just look at this heatmap. Most SaaS stocks are down 30-55% in merely a few weeks, Adobe, Snowflake, Datadog - all getting wrecked.
Now think about what most utility projects in crypto actually are. They're SaaS on steroids. Same AI disruption hitting them, but with way lower market caps and 1000x the volatility.
If billion dollar software companies with MILLIONS of paying users are getting punished this hard - imagine what happens to a low MC utility token with barely any revenue and customers?
Yeah. Exactly what we're seeing rn.
So how come I'm still BULLISH long term? Because IMO - crypto's biggest use case hasn't even been unlocked yet.
Every AI agent in the world is going to need a financial layer. Something permissionless, programmable, 24/7 - the purest form of crypto.
The more AI grows, the more it's going to need an easy and secure access to funds. And the more the entire ecosystem thrives.
The potential here is bigger than most people realize.
BELIEVE