💥 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
$PEPE just hit a brick wall or is this just a breather before the next leg?
We finally caught some momentum and pushed up to 0.00000384, but that rejection candle on the 1-hour chart is making me second guess things. The buyers stepped in hard around the 0.00000369 level earlier, which is good to see, but the order book is looking a bit heavy on the sell side right now.
If we can't hold this 0.00000378 area, we might just slide back down into that choppy range we've been stuck in all day. Volume is decent at 25M, so at least there’s actual interest here.
I'm keeping a close eye on the next few candles to see if we can flip 380 into support.
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