HBAR's Bullish Reversal Call Takes Shape at $0.0726

Hedera's HBAR is gaining attention as it approaches its key neckline of $0.0726 in a potential inverse head-and-shoulders pattern, according to an analyst from LuckSide Crypto Show.

The analyst believes this setup could be the 'most bullish' for HBAR this year and points to improving momentum indicators and a possible shift in capital flows back into digital assets.

However, the next move around its 50-day moving average is closely watched, as HBAR has struggled to clear this trend resistance since May.

The analyst identified $0.0726 as the key neckline for the chart formation, and a sustained move above this area could signal that 'it's kind of go time' for HBAR in the near term.