💥 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
Following Ripple’s settlement with the SEC, the company has blocked a court order blocking the company from selling its XRP tokens directly to institutional promoters. Commenting on the matter, legal expert Fred Rispoli said that it is likely that the SEC will ask the court to lift the ban on sales. If this ban is lifted, Ripple will be able to sell directly to institutions such as hedge funds or private equity firms.