💥 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
The whale that bought 105,000 ETH has turned profitable, after previously being in a loss of over $10 million.
On February 14, according to Lookonchain monitoring, as ETH prices rebounded, the large whale address associated with Matrixport that previously held 105,000 ETH (valued at $215 million) has turned over $10 million in unrealized losses into $1 million in unrealized gains.