💥 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
Trump is preparing a decision on the Fed Chair: a critical week for monetary policy
This week is expected to bring one of the most significant announcements from the Trump administration. The U.S. President is preparing to announce his candidate for the position of Federal Reserve Chair, which will have far-reaching consequences for the American economy and global financial markets.
Why is this decision so important?
The Fed Chair controls U.S. monetary policy, influencing interest rates, inflation, and overall economic stability. The selection of a new central bank leader affects not only traditional financial markets but also attitudes toward cryptocurrencies and alternative assets. According to BlockBeats, this decision is being made amid active market participants’ expectations regarding the future direction of monetary policy.
What to expect this week?
The announcement will be made during this week, creating some uncertainty in financial markets. Investors and analysts are paying close attention to this event, as it signals the priorities of the new administration in economic policy. The decision regarding the Fed Chair will have a direct impact on currency exchange rates, stocks, and cryptocurrencies in the short term.
As the announcement week approaches, markets are gearing up in anticipation of this key personnel change at the highest level of the American central bank.