💥 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
Gm and happy Friday! ☀️
$BTC Update & MMT Heatmap
Bitcoin continuing to trade heavy and hasn’t found strong acceptance back above prior resistance yet.
Price is still drifting lower, but momentum is slowing and we’re starting to see some stabilization at these lows.
This looks more like a developing pause rather than aggressive continuation for now.
From here:
Consolidation and base building would likely lead to a rotation back into the overhead liquidity pockets.
Failure to hold opens the door for another sweep into the next lower pools before any meaningful bounce.