💥 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
#US DOLLAR ANALYSIS
The US Dollar is still consolidating within a falling wedge pattern, with the 50MA acting as resistance barrier. A breakout above the wedge could trigger an upward rally. While a breakdown below it would invalidate the formation. Keep an eye on further price action developments. Given the US Dollar’s typical inverse relationship with the #crypto market, this price action may play a crucial role in shaping upcoming #crypto trends. #crypto