💥 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
🌈 #Gate Live Streaming Inspiration - August 30
Live stream the following topics immediately to gain additional official support and promotional exposure!
Today's theme recommendation:
🔹 #BTC briefly dipped below $108,000 this morning, and the current trading price is $108,004
🔹 U.S. Senators plan to review a new cryptocurrency market structure bill by the end of September.
🔹 Bloomberg ETF Analyst: Rex Solana ETF application converted to a registered investment company
🔹 Source: Elon Musk's lawyer to serve as chairman of a $200 million Dogecoin financial company
🔹 The Federal Reserve's Daly hinted at a possible interest rate cut in September, mentioning tensions in the dual mandate.
🔹 The crypto market is generally down, with BIGTIME and LPT both falling over 15%.
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