💥 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 Technical Update | Key Support Holding Strong
Bitcoin is currently showing strong respect to major higher-timeframe levels:
Weekly: Price is holding above the 200 EMA
Monthly: Price is respecting the 55 EMA
Both acting as strong support zones
This area has historically been a high-probability reversal zone.
After the recent correction from 126k, BTC is now consolidating near long-term support. If bulls defend this zone, we can expect a strong bounce and continuation of the macro uptrend.
Let’s see if Bitcoin makes it this time
Not financial advice. Do your own research.