💥 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
Solutions and In-Depth Analysis Plan Developed for Network Stability
On February 2nd, an announcement was made that significant changes have occurred following the implementation of verified technological solutions. According to PANews, the team is committed to conducting a comprehensive root cause analysis (RCA) and will publish a detailed event analysis report in the near future, which will enable the community and participants to fully understand the circumstances of the issue.
Network Stability Recovered, but Possible Further Challenges
Although network stability has significantly improved, the team acknowledges that transaction submission processes may still occasionally experience difficulties during periods of increased network load. During this time, there may be delays in processing certain transactions or, less frequently, their queues may be blocked. Analysts at Base note that such scenarios are not uncommon in high-capacity blockchain systems and require systematic assumptions.
Long-term Strategy to Ensure Network Stability
The team is actively working on developing long-term technological solutions to address these issues. Base is committed to providing regular updates on the progress of these solutions and plans to detail the next steps in upcoming announcements.
It should be noted that previously, Base reported isolated disruptions in transaction block processing on the main blockchain network, which caused significantly prolonged confirmation times for some transactions. Although block production continued uninterrupted and most transactions were processed normally, during network congestion, some transactions experienced slower processing speeds or queue delays.
The Base team is committed to maintaining high standards for network stability and user experience, as evidenced by these proactive measures.