💥 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 Capitulation Concerns
Bitcoin is currently trading around $66,000, marking a roughly 46% drop from its 2025 peak of $126,000. On-chain analysts at Glassnode have highlighted a "capitulation zone," noting that long-term holders (the "diamond hands") have distributed hundreds of thousands of BTC in early February, signaling a major shift in market sentiment.$BTC #GateSquare$50KRedPacketGiveaway