💥 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
$ADA has been grinding lower inside a clean falling wedge on the 1H chart after that sharp recovery from the 0.24 region. Structure is tightening now, with price hovering around 0.260, sitting right at horizontal support.
This kind of wedge usually signals seller exhaustion, but confirmation is everything. Right now, momentum is neutral-to-bearish — price keeps respecting the descending trendline while defending the 0.258–0.260 base. That means breakout direction will decide the next impulse.
If #ADA breaks and closes above 0.270–0.275 with strength, we can expect a push toward:
0.285 → 0.300 (prior distribution zone)
If 0.258 fails cleanly: 0.245 → 0.230 (liquidity sweep area)
Support: 0.258 / 0.245
Resistance: 0.270 / 0.285