💥 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
South Korean cryptocurrency markets are on the rise due to a $1 billion short position squeeze and improving geopolitical sentiment.
South Korean individual investors have begun to invest in XRP and Dogecoin as a sign that risk appetite has returned among speculative investors.
In local exchanges, the trading volumes of these two tokens in the last 24 hours surpassed Bitcoin (BTC) and Ethereum (ETH). This rise is occurring in an environment of renewed risk appetite in the cryptocurrency and stock markets, according to some investors, due to the easing of US-China trade tensions and macroeconomic indicators suggesting possible interest rate cuts in the later months of the year.