💥 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
The US stock market lost more than $1T in market capitalization in the past 24 hours
Main impacts:
🖤 The US continues to increase military presence in the Middle East
🖤 NATO launches “Arctic Sentry” to counter Russia and China
🖤 Concerns about AI disrupting the tech industry and Fed policies also put pressure on US stocks
The decline in US stocks has put pressure on $BTC, which last night retreated to $65K
When stocks rise, coins don’t follow; when they fall, they fall immediately 😒
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