💥 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
Wu says that the total market capitalization of tokenized gold has surpassed $6 billion, an increase of over $2 billion since the beginning of this year, with Tether Gold (XAUT) and Paxos Gold (PAXG) accounting for approximately 96.7% of the market share; over 1.2 million ounces of gold have been tokenized, with the largest single-day minting occurring on January 31, when 192,700 XAUT tokens were minted, equivalent to $937 million.