💥 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
Magic Eden
Entry: $0.155 – $0.192
Take Profit 1: $0.230
Take Profit 2: $0.265
Stop Loss: $0.165
Resistance: $0.215
Analysis: $ME is up +32% today, showing a sharp V-shaped recovery. Volume is currently at $300M+, confirming that the breakout above $0.18 is backed by significant buying pressure.
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