💥 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
As of today (April 29, 2025), the latest and most important news concerning the coin market are as follows:
* Capital Inflows to Bitcoin ETFs Continue: Capital inflows to Bitcoin and Ethereum spot ETFs continued yesterday. Bitcoin ETFs, which have been experiencing net inflows for seven days, are drawing attention.
* Arizona State Approves Bitcoin Reserve Act: An important legal regulation that will make it possible to include Bitcoin in state reserves is about to be implemented in the US state of Arizona.
* Transparency Report from Tether Gold: Stable cryptocurrency issuer Tether has published a transparency report showing that its gold-indexed digital asset Tether Gold (XAUT) is backed by 7.7 tons of physical gold.
* Strategy Increases Bitcoin Reserves: Strategy, led by Michael Saylor, continues to expand its Bitcoin reserves.
* ETF Effect on XRP Price: An increase was observed in the XRP price with ProShares' announcement of two new investment products for XRP. However, the increase in short positions is considered a risk signal.
* High Weekly Inflows to Crypto Asset Funds: Last week, there were total inflows of $3.4 billion into crypto asset investment products. This was the highest weekly inflow of 2025.
* Standard Chartered's Bitcoin Forecast: Standard Chartered expects Bitcoin to reach a new record high in the second quarter of 2025.
This news shows that the market is generally positive and institutional investor interest continues. In particular, interest in ETFs and Bitcoin investments by large companies stand out as important factors supporting the market. However, the increase in short positions after the rise in XRP due to ETF expectations should be monitored.
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