💥 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
Ethereum (ETH) Update
Current Price: $2,044 (Down ~1.3% over 24 hours).
Hourly Trend: Ethereum is struggling to reclaim the psychological $2,000 level. It touched a low of $1,919 earlier today before a small "whale" buy-back nudged it back toward $1,950.
The "Last Hour" Insight: Sentiment remains heavy as 58% of all ETH addresses are currently "in the red" (holding at a loss). However, a major whale added 3,000 ETH to their position just a few hours ago, showing that big money is still "sniping" these lows.#GateSquare$50KRedPacketGiveaway
$ETH