💥 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
Bitcoin Approaching the Undervalued Zone. Last Time entered 2023
Generally, when the MVRV ratio falls below 1, Bitcoin is regarded as undervalued indicator suggesting that price levels are nearing the undervaluation range and we see reversal in price from there..