💥 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
Despite the bad market conditions and a dip in RWA hype for the past 5-6 months, the TVL on $PROPS | @PropbaseApp has still been constantly growing.
The TVL currently sits at $1.1 Million and has increased by nearly $300,000 since the markets started following back in October.
Higher TVL just goes to show the utility and trust behind the project as $PROPS ecosystem continues to grow despite market conditions.