💥 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 This wave of the market still seems to be testing repeatedly. The forces of bulls and bears are basically evenly matched, but judging from the momentum of the rebound, the buyers are slightly in the lead. On Monday's open, many are pushing upward. Under this rhythm, we might as well wait for a correction before getting in.
Specifically, a pullback to around 90400 is a good entry point; if luck is on our side and it drops to 89800, that would be even better. Pay attention to the key levels at 91800 and 93300, as these are likely to encounter resistance.
In the short term, following this logic, during the tug-of-war between bulls and bears, it’s more prudent to buy on dips.