💥 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
$PUMP #PUMPFUN/USDT shows short-term volatility over a one-day period, with recent price action around 0.003 USDT within the context of bullish moving average signals. The screenshot shows a price of approximately 0.003 USDT, down 0.4% per day, with yellow candles indicating high-volume sessions and a price following lower highs within a support near 0.003.
#PriceAction
The pair trades around 0.003 USDT, up more than 2% per day but declining each week, reflecting a decreasing coin pattern on daily charts that suggests a potential bullish reversal. Volume spikes during yellow candles indicate buying interest, although red candles show rejection at a resistance around 0.004 USDT.
#Indicateurs Keys
The RSI is at a neutral level around 56, neither overbought nor oversold, supporting bullish momentum if the support holds. The MACD and EMA indicate bullish trends on the 1D, with the 50-day MA falling below the price.
#support Support and Resistance
Immediate support is at 0.0028-0.03 USDT, corresponding to recent lows and volume clusters on the chart. Resistance levels are at 0.004-0.018 USDT, where previous highs rejected the price.
#Outlook
The bullish bias persists if the price stays above 0.004 USDT, targeting 0.005+ on high volume; failure risks drop to 0.0027. Watch for confirmation of a breakout from the corner.
Short-term forecasts for PUMPFUN/USDT indicate a moderate bullish trend over the next week, with the current price around 0.003 USDT potentially reaching 0.0035-0.004 USDT. These estimates are based on technical analysis showing strong bullish sentiment (90%) and recent volatility of 1.5%.
✍️✍️🧘🧘✊✊