💥 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
#BTCMarketAnalysis #BTCMarketAnalysis Bitcoin has just surprised the market by breaking through $96,000, and there's something distinct about this move compared to previous surges. I'm observing not only buying during the breakout but also strong defense against small dips, supported by substantial volume. My analysis of the order flow indicates that this is not retail FOMO but rather large investors quietly building positions while others question if it's too late. This suggests that the real movement is still building, not concluding.
Interestingly, sellers have completely failed to push the price back under the former resistance zone. I've seen this pattern many times before significant continuation phases. It's essential to grasp market conditions, not just the price. When the structure shifts like this, it often paves the way for rapid expansion phases.