💥 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
Data: A certain whale performed swing trading on ETH, buying 5,089 units at the low point and reducing holdings by 4,000 units at the high point.
Mars Finance reports that, according to on-chain analysts, the address 0x2d4…f2B9A accumulated 5089.56 ETH (worth $9.943 million) over the past 23 hours at an average price of $1,953.65, just buying at the low point before ETH’s rebound. Subsequently, nine hours ago, at a short-term high of $2,058.91, they sold 4,000 ETH (worth $8.235 million), realizing a profit of $421,000. The remaining 1,089.56 ETH is still unrealized with a profit of $104,000.