💥 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
The wallet has currently sold off a token position worth $1,410, with an average entry market cap position of 545K. On-chain data shows that such medium-sized de-risking operations are not uncommon in the current market environment — reflecting that some holders are taking profits at specific price levels. This trading behavior is worth noting as it may indicate pressure points within the price range.