💥 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
The HEMI/USDT graph shows a sharp price spike followed by a steep decline and then a flattening trend toward the current price of *0.0165 USDT*, up 15.38% in the last 24 hours.
- *Initial spike*: A massive upward jump (peak near 0.6960) with extremely high volume, indicating a strong buying burst that pushed the price dramatically.
- *Sharp decline*: After the peak, the price crashed and stabilized at much lower levels, showing a loss of momentum and sell‑off pressure.
- *Recent phase*: The price has been moving sideways with moderate volume, forming a relatively flat line near 0.0165, suggesting consolidation after the volatility.
- *Moving averages*: The MA(7) = 0.0148 and MA(25) = 0.0201 are below the current price, indicating the short‑term trend is bullish relative to these averages, but the overall trend remains volatile.
- *Volume*: High 24‑hour volume (1.30 B HEMI / 22.87 M USDT) reflects strong market activity, especially during the spike.
The overall trend is *volatile* with a recent bullish recovery from the lows, but the extreme spike‑and‑crash pattern suggests caution and potential for further swings.
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