💥 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
$NIL experienced a long liquidation near $0.0566, suggesting sellers forced a downside sweep to clear weak hands. Price is now sitting at a critical inflection zone where demand needs to step in to prevent further downside. Holding above $0.0560 keeps the possibility of a rebound toward $0.0585 and $0.0610 alive, where prior supply sits. However, failure to defend this support could accelerate downside toward $0.054. Current structure remains fragile, with confirmation needed before any sustained recovery. $NIL #GateSpringFestivalHorseRacingEvent