💥 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 ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
There’s a significant liquidity cluster sitting around the 71.5–76k zone.\n\nWith the current market sentiment, it’s logical to expect those levels to be swept as liquidity gets taken.\n\nIn my view, a new range could form between 58k–74k, similar to what we’ve seen before.\n\nShould price indeed range within the 58–74k zone, it would create an ideal environment for scalpers—clear range highs and lows, frequent mean reversion, and multiple short-term profit opportunities as volatility expands within the range.\n\n$BTC