💥 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
Ethereum today’s key focus is at 1955 key level:
Only if it stabilizes above 1955, the 1–2 hour timeframe will officially start a rebound, with resistance levels at 1995, 2045, and 2100.
If it cannot close above 1955 today, it indicates that the rebound strength on the 1–2 hour timeframe is insufficient. When it drops again, support levels to watch are 1900, 1865, and 1815. $ETH