💥 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
$92,084.62
According to one analyst, volatility indices continue to decline, mirroring the S&P 500, indicating price stability that weakens the case for a year-end price rally.
BTC's annualized 30-day implied volatility, as measured by Volmex's BVIV index, fell to 49%, nearly reversing the increase from 46% to 65% in the 10 days ending November 21st.$BTC #FedRateCutPrediction #CryptoMarketRebound #BitcoinActivityPicksUp #DecemberMarketOutlook #BitcoinPriceWatch