💥 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
Spot volumes remain weak with the 30D average depressed despite $BTC dropping from $98K to $72K 📉. This shows a demand vacuum where selling isn't met with absorption ⚠️. Durable reversals need aggressive volume #expansion but volume only lifted modestly suggesting reactive distribution rather than conviction accumulation 🔴. With thin liquidity, price remains vulnerable as even moderate selling exerts outsized impact without spot bid support 💰📈. #crypto