💥 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
BTC & 1h Market Analysis
The purple area above (near the new high) faces resistance at 95k, forming a strong barrier. The price has attempted multiple breakthroughs in this zone without success, creating a short-term top.
Currently, the price around 90k is also an important recent psychological level. The price is consolidating at this position. If it breaks below 90k without rebounding, the downside space will open.
The current trend is bearish. After breaking key support, the market is likely to seek support at lower levels, with Bitcoin potentially dropping to 89k-86k. Traders should consider taking partial profits based on their positions.