💥 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
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Bottom-fishing timing and strategies
Mainstream coins (BTC/ETH) are the market indicators
BTC key support levels: $90,000–$91,000 (strong buy order zone) → If broken, then look towards $81,000–$74,000.
ETH key support level: $3,200 (overly concentrated shorts may trigger a rebound), but beware of staking unlock selling pressure (2.2 million ETH pending release).
Action signals: BTC funding rate turns positive (during aggressive short positions), whale holdings rebound (some addresses have increased holdings to 40%).
Gradual accumulation is better than a one-time bottom-fishing
Use the "10%+10%+20%+20%+30%" tiered averaging method (buying on every 5%-10% dip) to reduce cost risk.
Prioritized choices: BTC (institutional ETF support), ETH (Fusaka upgrade in November is positive).
Altcoins temporarily avoid risk
The top 10 coins account for 94% of the total market cap, while altcoins face liquidity difficulties (only 6% market share). Recovery depends on mainstream coins breaking out of the consolidation zone.