💥 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
📉 Why did the crypto market decline today?
The total cryptocurrency market capitalization has decreased by approximately 2% in the past 24 hours, currently around $2.36 trillion.
Main reasons:
🔹 Bitcoin weakness led the overall market down
🔹 Leveraged liquidations exceeded $196 million
🔹 Investors remain cautious about economic data, liquidity is tightening
🔹 Testing key support level of $2.17 trillion
📌 This is more like a technical correction rather than a systemic crash.
⚠️ Pay close attention to BTC and trading volume before operating.
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