💥 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
The price is trying to regain strength after testing a strong support (~$99k) — this is positive, but the market remains relatively fragile.
Large institutional buying indicates that some major players are still betting on the long term.
Tweets — even if ambiguous — can influence market sentiment, but they are not always a direct trigger for trading #XRPSpotETFsComingSoon
It is very important to reduce reliance on a "single tweet" or "surprise news" as the sole catalyst for making decisions.