💥 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
Key Levels to Watch
Support 1: ~$115,000 — if price drops, this is a strong hold area
Support 2: ~$114,500 — deeper buffer
Resistance 1: ~$117,500 — near current highs
Resistance 2: ~$118,500 — next ceiling
Idea for Today
If BTC holds around $115,000 → $115,500, bounce likely up to $117,500
If price fails at Resistance ~ $117,500 → expect pullback to support zones (~$115,000 or lower)
Breakout above $118,500 could push toward higher resistance zones ~$120,000