💥 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
🇨🇳China has decided to reiterate its cryptocurrency ban with renewed regulations on stablecoins, following a sudden drop in stocks exposed to digital assets in Hong Kong after a central bank warning.
⚡️Bitnomial is preparing to launch the first spot crypto trading under CFTC regulation.
🇺🇸US ISM Manufacturing PMI data fell below expectations.
General PMI: 48.2 (Expectation: 49.0)
🔴In the last 24 hours, LONG positions worth $800,000,000 were liquidated.