💥 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
Imo $MEGA should trade 2x higher for a simple reason:
53% of the supply will never hit the market if Megaeth isn't successful
So rn $MEGA trades like 1.4B FDV if it wins, 700M if it doesn't
Market still doesn't get that this isn't the same risk at all as classic L2 tokenomics or everything else even