💥 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
$C98 #C98
After confirming the breakout, the price is trading in a bullish zone. However, it is currently reacting to an overall correction wave.
As long as the price holds above the support line, the 100–110% recovery move is expected to remain intact in the coming days✍️