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Hedera's HBAR token is poised for a potential bullish breakout as it forms an inverse head and shoulders pattern, indicating a possible trend reversal. The price is consolidating just below the critical $0.09 resistance level, which serves as the neckline of the pattern. A decisive breakout above this level, supported by increasing volume, could confirm a shift in market momentum.Currently, HBAR is trading above its point of control, suggesting market acceptance of higher price levels. If the token breaks through the $0.09 resistance, it could target the next resistance levels at $0.12. The ongoing volume behavior supports the bullish scenario, reducing the risk of a false breakout. Traders should watch for HBAR's ability to maintain its position above the point of control and break the $0.09 resistance to confirm the bullish trend.

HBAR-1.28%

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