💥 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
Berachain
Entry: $0.680 – $0.695
Take Profit 1: $0.850
Take Profit 2: $0.990
Stop Loss: $0.620
Resistance: $0.780
Analysis: $BERA has stabilized near $0.68 after a volatile morning. RSI is resetting on the 1H chart, providing a low-risk entry point for a bounce toward the $0.80 resistance.
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