💥 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
Market sentiment is at Extreme Fear (16) — and prices are sitting right at key technical zones. Let’s break it down 👇
🟠 Bitcoin (BTC)
Price: 87,026 USDT
24h: -2.23%
RSI: 29.3 (Oversold)
Key Support: ~87,800
Resistance: 94,200
📌 BTC is testing strong support while RSI signals oversold conditions. If support holds, a short-term bounce is possible. A breakdown could open the door for deeper correction.
🔵 Ethereum (ETH)
Price: 3,009 USDT
24h: -2.42%
RSI: 40
Key Support: ~3,017
Resistance: 3,390
📌 ETH is weaker but stable above support. Holding this zone may trigger a relief bounce. Bulls need a reclaim above 3,390 to shift momentum.
⚠️ Trade smart. Manage risk. Fear creates opportunity—but only with discipline.
#Gateio #BTC #ETH #CryptoMarket