💥 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
Today's key focus for Bitcoin is the critical level at 66,800:
Only by staying above 66,800 can the 1–2 hour rebound officially begin, with resistance levels at 68,360, 69,900, and 71,700.
If it fails to close above 66,800 today, it indicates that the rebound strength at the 1–2 hour level is insufficient. When it drops again, watch for support at 65,120, 62,500, and 60,000. $BTC