💥 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
Spotted some interesting technical setups on the 30-minute charts—several tokens are flashing overbought or oversold signals via RSI readings.
Here's what's worth monitoring right now:
$LIGHT, $BROCCOLI714, $RIVER, $Q, $TAKE, $EPT, $MUBARAK hitting overbought territory. Meanwhile $ZRX, $GRIFFAIN, $ZORA, $DEGEN, $LAB are in oversold zones.
Also keeping tabs on $TUT, $FARTCOIN, $ATH, $ONE, $AERO, $SUSHI, $INJ—all showing meaningful RSI moves in the last half-hour.
Extreme RSI readings don't guarantee reversals, but they're solid anchors for spotting potential pullbacks or oversold bounces. The question is whether these moves hold or get retraced. Worth watching if you're trading these pairs.