💥 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
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Bitcoin has recently been fluctuating between $66,000 and $68,000. Whether the key support level of $74,000 can hold is crucial for the future trend. Losing this support could trigger a deeper correction, while regaining above $80,000 would help stabilize the market. Currently, market momentum is weak, and institutional holding costs around $76,000 may serve as a new support. Geopolitical issues and Federal Reserve policies remain the main sources of volatility.