💥 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
HBAR Hedera: Potential Recovery Scenario After February Correction
HBAR Hedera experienced a significant market correction with a potential recovery on the horizon. After falling approximately 35% since mid-January, the digital asset has rebounded to the $0.10 level, showing a 7.16% increase over the past 24 hours. This modest bounce could signal a trend reversal, but a deeper technical analysis is needed to confirm a sustainable recovery.
How Technical Indicators Reveal Potential Strength
Analysis suggests that positive signals may be hidden behind the decline. Technical patterns, including the falling wedge, are historically considered precursors to recovery. Money flow indicators such as Chaikin Money Flow (CMF) and the Money Flow Index (MFI) confirm that institutional and retail buyers are actively accumulating positions at low levels. This activity indicates potential interest in the asset despite the weakened market trend.
Signs of Strength and Hidden Dangers
However, optimism must be balanced with caution. On-Balance Volume (OBV) shows recent divergences in volume trends, serving as a warning of possible instability in price growth. Weakening volume metrics may mean that the recovery lacks a solid foundation for long-term upward movement. This creates a conflicting market picture: on one hand, buyers are showing interest, but on the other, volumes are insufficient to sustain a stable recovery.
Critical Levels Will Determine the Asset’s Fate
The key support around $0.076 remains a critical line of defense for any potential rebound. If this level does not hold, the next target zones for decline are at $0.062 and $0.043. For investors, these price levels serve as clear benchmarks for assessing HBAR’s recovery: will the asset stay within the support range or lose ground to deeper levels? The coming weeks will be decisive in determining the potential direction of Hedera in the market.