💥 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
CPI data is bullish, and U.S. stocks continued to rally after breaking through the 69,000 level. The slight pullback near 68,500 was almost a loss, but fortunately, if there is an opportunity today, it can be a break-even exit.
During the weekend of the New Year, it is expected to continue with weak consolidation today. Next, pay attention to the 67,000-70,000 range for support and resistance. $BTC