💥 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 ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
#Can BTC break its ATH in October? The reason for this interest in Bitcoin is related to the 0.5% cut in interest rates by the Central Bank of the USA. This is because the decision brings relief to the American economy, which has been under pressure for four years while the Fed tried to control inflation.
In addition, the economic stimulus measures by the People's Bank of China have also encouraged cryptocurrency investors. In total, R$ 776 billion (1 trillion yuan) will be injected into the market, along with plans to introduce new benefits with the same intention.