💥 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
$BTC BRIEF UPDATE
Bitcoin has reached the crucial support of $62,000 - $65,000 (in fact it is even smaller $64k - $65k).
Breakdown of this support will send us to $50,000 zone almost immediately.
As long as the support stays strong, we continue flat inside the $64,000 - $71,000 range. Meanwhile, some altcoins look relatively strong or at least… not that bad.