💥 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
#LUNC Recently, the deflation process of LUNC (Luna Classic) coin has attracted widespread attention in the Crypto Assets market. The latest data shows that the total amount of LUNC has decreased by 1.354 billion today, and this significant deflation rate has excited investors.
Analysts point out that if this deflationary trend continues in the upcoming bull market, the total supply of LUNC is expected to decrease by as much as 90%. This potential significant decrease in supply could have a positive impact on the price of LUNC, with some even predicting that it may reach the psychological barrier of 1 dollar in the future.
It is worth noting that LUNC's ability to achieve daily deflation is primarily due to two key factors: firstly, numerous exchanges actively support LUNC and use transaction fees to burn LUNC, directly reducing the circulating supply. Secondly, the LUNC network has a 0.5% on-chain transfer tax, which means that for every transfer of 100 million LUNC, a fee of 500,000 coins is required, and these fees will also be used for burning.
For investors interested in the deflationary process of LUNC, they can view and verify the deflation information of LUNC in real-time through a specific webpage. This transparency helps to enhance market confidence and provides a reliable basis for investment decisions.
However, experts remind investors that although LUNC's deflationary mechanism seems to favor price increases, the Crypto Assets market still carries a high degree of uncertainty and risk. Investors should fully understand the project's background, market dynamics, and potential risks before making any investment decisions, and act cautiously based on their own financial situation.