💥 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
According to the expert, the sentiment among traders and investors on social media at the beginning of the year remained positive. Despite the decline in the prices of major cryptocurrencies, confidence in a bullish trend in the market continues to persist.
"The further growth of the market depends on the composure of retail investors and on the strategy they choose regarding cryptocurrencies: accumulation or selling," he explained.
Even with positive expectations, traders will act more cautiously, prioritizing capital protection until the first cryptocurrency confirms its ability to stay above the key support level of #CryptoMarketPrediction 000.
In such an environment, the crypto market will be sensitive to any news, and sharp price movements are possible even without fundamental changes. Small investors may become disappointed if Bitcoin suddenly drops below the $85 000 mark, predicted Quinlivan.
Earlier, investment bank analyst Brett Knoblaux $80 Brett Knoblaux( stated that the future development of the crypto market is now determined not by retail traders and small investors, but by institutional players.