💥 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
The chart shows the MDT/USDT price action with a current price of *0.02096* USDT, up 66.35% in the last 24 h, trading at ₹5.88.
Key observations from the graph:
1. *Trend*: The price spiked sharply in the recent past, forming a peak, and has been consolidating downward with multiple moving averages (MA 7, MA 25, MA 99) acting as resistance.
2. *Volume*: The 24 h volume is 696.92 M MDT (≈ 12.29 M USDT), indicating strong market activity during the surge.
3. *Moving Averages*: MAs are layered above the price, suggesting bearish momentum in the short term if the price stays below them.
4. *Order Book*: Bids are concentrated around 0.0208–0.0209 (36.41% of the book), while asks dominate near 0.0210–0.0211 (63.59%), showing resistance at 0.0210.
5. *Performance*: The token is up 56.97% today and 58.04% over 7 days, but down –69.31% over 1 year.@MDT #MDT $MDT #BTCVSGOLD #BinanceBlockchainWeek #BTC86kJPShock #TrumpTariffs