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HBAR price nears breakout, inverse head and shoulders pattern forms

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HBAR price nears breakout as inverse head and shoulders pattern forms - 1

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.

Summary

  • Inverse head and shoulders pattern developing, signaling trend reversal potential
  • $0.09 neckline resistance is the key trigger for bullish confirmation
  • Holding above the point of control supports a breakout toward higher targets

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 by a breakout above resistance.

This structure is developing just beneath a key high-timeframe resistance level, placing HBAR at a critical inflection point. With price holding above key value levels and volume remaining supportive, the technical setup suggests that bullish momentum may be building beneath the surface.

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HBAR price key technical points

  • Inverse head and shoulders pattern is forming, signaling potential trend reversal
  • Neckline resistance sits near $0.09, a key high-timeframe level
  • Price is holding above the point of control, supporting breakout conditions
HBAR price nears breakout as inverse head and shoulders pattern forms - 1

HBAR’s recent price action has carved out a well-defined inverse head-and-shoulders pattern, consisting of a left shoulder, head, and right shoulder. This structure typically forms after sustained downside pressure and reflects a gradual shift in control from sellers to buyers.

The neckline of this pattern is clearly defined near the $0.09 level, which also aligns with a high-timeframe resistance zone. This confluence strengthens the importance of the level, as a breakout above the neckline would represent both a pattern confirmation and a structural shift.

Throughout the formation, price has respected higher lows, indicating that downside momentum is weakening and buyers are increasingly willing to step in earlier.

Volume and point of control support the setup

One of the more constructive aspects of HBAR’s setup is how volume behaves during consolidation. Price is currently trading above the point of control, where the highest concentration of traded volume has accumulated. Holding above this level suggests acceptance at higher prices and reinforces the bullish narrative.

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In reversal structures, accumulation beneath resistance is often a precursor to expansion. The fact that volume has remained healthy, rather than declining, indicates sustained participation and reduces the risk of a false breakout.

Additionally, a key swing low has formed near the value area low, further supporting the idea that demand is building at higher levels rather than allowing price to rotate lower.

Breakout conditions and upside targets

For the bullish scenario to fully play out, HBAR must break above the neckline resistance near $0.09 with a clear bullish influx. A decisive close above this level, with expanding volume, would confirm the inverse head-and-shoulders pattern and signal a shift in market structure.

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If confirmed, the next upside target would be the value area high, followed by the broader high-timeframe resistance around $0.12. These levels represent natural areas where price may pause or consolidate following a breakout.

Importantly, a breakout without volume confirmation would increase the risk of a failed move. As such, volume behavior remains a key variable to monitor.

What to expect in the coming price action

From a technical, price action, and market structure perspective, HBAR is approaching a pivotal moment. As long as price remains above the point of control and continues to build higher lows, the inverse head and shoulders pattern remains valid.

A successful breakout above $0.09 would likely trigger a bullish expansion toward higher resistance zones. Conversely, failure to break and hold above the neckline could result in extended consolidation or a rotation back toward lower value levels.

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Crypto World

Crypto Scam Leader Extradited to China to Face Charges

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Crypto Scam Leader Extradited to China to Face Charges

Li Xiong, a key member of a group that allegedly helped crypto scam rings in Asia to move money, has been extradited from Cambodia to China, where he will face fraud and money laundering charges, according to Hong Kong-based news outlet Ta Kung Wen Wei.

On April 1, with strong support from the relevant authorities in Cambodia, a task force sent by China’s Ministry of Public Security successfully escorted Li Xiong, a core key member of the Chen Zhi criminal syndicate, back to China from Phnom Penh, Cambodia,” it said on Wednesday, citing a statement from China’s Ministry of Public Security on WeChat.

Xiong previously served as chairman of Huione Group, an alleged criminal organization that served scam centers in Cambodia that carried out “pig butchering” scams and other investment schemes to steal crypto from victims around the world. 

Huione Group was responsible for one of the largest illicit online marketplaces in the world, handling over $89 billion in cryptoassets.

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Source: Jacob in Cambodia

His extradition comes three months after the arrest of Chen Zhi, the head of Prince Group, which operates Huione Group. In October, it was reported that the US Department of Justice seized 127,271 Bitcoin (BTC) worth more than $15 billion from Zhi.

Related: Hong Kong retiree loses $840K in triple ‘crypto expert’ scam

The US Treasury Department’s Financial Crimes Enforcement Network directed US banks to cut payments and accounts tied to the Huione Group in October.

Authorities ask other Huione members to surrender

Ta Kung Wen Wei noted that several other members of Zhi’s criminal syndicate have been brought to justice “one after another,” citing comments from Chinese public officials.

“Public security authorities will continue to intensify efforts to capture fugitives,” it said, adding:

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“At the same time, they once again warn criminals to recognize the situation, stop before it is too late, surrender as soon as possible, and strive for lenient treatment.”

Magazine: Banks want to run Vietnam’s crypto exchanges, Boyaa’s $70M BTC plan