💥 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
#M
Token: M
Yesterday's high: 1.7496
Retracement low: 1.50424,
High point after the rebound: 1.71
Historical low: 0.084
Historical volatility: After multiple retracements near 1.58, it rebounded and rose to 1.65.
Regular volatility range: 0.03--0.05
Extraordinary volatility range: 0.12--0.13
After this: sideways consolidation and downward pullback, multiple tests of 1.58, oscillation range 1.58--1.70, belonging to high-level oscillation.
Current increase: 17%, the maximum increase has reached 21 times.