💥 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
SOL and SUI have the largest gains among high market cap altcoins.
The altcoin has regained some momentum from Saturday's correction, with ETH breaking through $3,400 and DOGE aiming for $0.33.
SOL, SUI recovery: -
Most altcoins were heavily hit yesterday, but there have been some slight increases in the past 24 hours. ETH has climbed to over $3,400, and XRP is approaching $2.2.
The value of Dogecoin has increased by more than 3%, approaching $0.33, while SOL and SUI have risen by 5-6%. Therefore, the current trading price of SOL exceeds $195, while SUI is above $4.25.
Other notable gains include HBAR, DOT, AAVE, APT, ICP, and PEPE.
Since yesterday, the total market value of cryptocurrencies has recovered about $50 billion, and the CG is close to $3.5 trillion.