💥 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
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Bitcoin (BTC), according to TradingView, started Wednesday with sideways movement. As of 07:21 (MSK), the cryptocurrency is trading at $86 958. The minimum for Bitcoin in the last 24 hours was $86 131, and the maximum was $88 457.
The second largest cryptocurrency by market capitalization, Ethereum, also started the day with sideways movement. As of the time of writing this review, the coin is trading at $2 925.
In the top 10 most capitalized cryptocurrencies, the best performance over the past day is from Tron (+0.61%). Throughout the week, all coins, except for stablecoins, have decreased in value. The largest losses over the past day are from XRP (-3.12%), and over seven days, from Cardano (-10.43%).
In the top 100 cryptocurrencies by market capitalization, the best result over the day (+42.16%) and week (+56.25%) was recorded by Monad. Over the last 24 hours, Bonk was the biggest loser, dropping in price (-4.01%). The largest losses over the week were recorded by Starknet (-34.29%).