💥 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
Institutional Target Revisions
Major financial institutions are tempering their expectations. Standard Chartered recently slashed its year-end 2026 forecast from $150,000 down to $100,000, citing weakening momentum. Conversely, JPMorgan analysts remain more optimistic, reiterating a long-term target of $266,000, though they noted Bitcoin’s production cost has dropped to roughly $77,000 due to changes in mining difficulty$BTC #GateSquare$50KRedPacketGiveaway