💥 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
🚨 NEW: According to a Glassnode analyst, exchange outflows hit 3.2% on the 30-day average, mimicking the H1 2022 pattern prior to the start of the bull market, while Bitcoin whales accumulated during the dip.
$BTC
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