💥 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
$ETH is sitting on a major long-term support.
This zone will decide the next big move.
If the trendline breaks with strong weekly closes below $1,900, the structure weakens.
That could send $ETH into the next liquidity pockets around $1,600 and possibly $1,300, where the next historical support zones exist
#GateSquare$50KRedPacketGiveaway #CPIDataAhead #GateSpringFestivalHorseRacingEvent