💥 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
According to Specter on-chain data monitoring, a wallet address associated with Huione in Cambodia has recently made significant moves — transferring a total of approximately $5.19 million worth of crypto assets to Tornado Cash. Specifically, the assets transferred include 1017 ETH and 212 BNB. Notably, this wallet has been completely emptied. Such large-scale fund flows to mixing protocols have always been a focus of on-chain analysts and the community, and also reflect the current market's active demand for privacy.