💥 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
According to Bloomberg, Bitcoin has become less volatile than gold. Gold’s 30-day volatility has reached 44%, the highest level since the 2008 crisis, while Bitcoin’s stands at 39%.
Despite its reputation as a “safe-haven asset,” gold is showing greater instability, plunging 10% in a single day (from $5,600 to $4,400) — its sharpest drop in more than a decade. Bitcoin has also seen a major decline (-40% from its peak), but gold is starting to look more unpredictable.