💥 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
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After the market rebound, it did not break through the bottleneck and started to retrace again. From the overall market view, there are signs of a bottoming out, and there is a high probability of a rebound in the next few days. The resistance for Bitcoin is around 71,000, which is also its highest point, with support around 67,000. The support held, allowing for an upward rebound. Resistance remains near 71,000, so a rebound is quite likely.
Ethereum’s resistance is around 2,150, and the rebound has again reached this level. Support is around 1,950. Like Bitcoin, it can hold, and now it is beginning to trend upward with oscillations. Resistance remains near 2,150.
Overall, apart from fan tokens, which have seen a good rebound, the rest of the altcoins are mostly silent.