💥 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
Bitcoin (BTC)
Current Price: $68,686 (hovering between $67,500 and $68.800).
5-Minute Action: BTC just saw a quick 0.3% bounce from a localized low of $67,100. It is currently fighting to hold the $67,500 support line.
Trend: The last 15 minutes have been characterized by "choppy" sideways trading. There is a cluster of buy orders sitting at $68,000, preventing a deeper slip for now.
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$BTC