💥 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
Look at $UNI right now, it’s doing that thing again where everyone thinks it’s dead.
The price is sitting at 3.244 and honestly, it’s looking pretty heavy. We had that massive spike up to 4.588 yesterday but it got sold off almost instantly. That long wick is a classic sign of exhaustion.
Right now, we’re grinding right above the 3.213 low. If that level breaks, there isn’t much holding it up from a deeper slide. The volume is okay at 16M but the green candles have no follow-through. It’s just sideways chop for now.
I’m watching the 3.40 level closely. If we can’t reclaim that soon, the bears are going to keep pressing this down. Staying on the sidelines for this one until a clear floor is established.
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