💥 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 still has that unfilled CME gap from New Year’s Eve sitting near $88K and it matters.
If price slides down to close it, we could see over $2.4B in leveraged longs get wiped out, triggering a fast flush lower.
It’s a level traders should keep on their radar one dip in that direction and volatility could explode in both directions.
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