💥 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
Yilao has voluntarily surrendered and has already transferred 63.04 million ETH ($12.94 billion) to Binance. On-chain, only 21,300 ETH ($4394 thousand ) remain. 96% of ETH has already been transferred to exchanges, a volume far exceeding the amount needed to unwind leverage, indicating a high likelihood of full liquidation. The market has one less target, but there is more selling pressure to digest.
Next, the real focus should not be on “Will Boss Yi explode,” but rather: after this wave of genuine selling pressure is released, can ETH hold its structural level?