💥 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
🔥 Latest Buyback & Tokenomics Upgrades Across Protocols 🔥
🔓Last 7 days Token Unlocks
• $HYPE : $331M unlock on Feb 6 (2.51% of circulating supply).
• $BERA : $28M unlock on Feb 6 (41.7% of circulating supply).
• $PUFFER : 12.36% of circulating supply unlock on Feb 11
• $AGI : 3.42% of circulating supply unlock on Feb 11
• $IO : 4.6% of circulating supply unlock on Feb 11
• $LAYER : 8.7% of circulating supply unlock on Feb 11 ( $2.2M in value )
🔐Upcoming Token Unlocks
• $STRK : $5.93M unlock on Feb 15 (4.61% of circulating supply)
• $SOLV : $2.9M unlock on Feb 17 (24% of circulating supply)
• $YZY : $20M unlock on Feb 17 (17.2% of circulating supply)
⏳Emission & Supply Changes
• $VVV : Starting Feb 10, Emissions drop 25% from 8M to 6M tokens per year.
🔥Buybacks & Revenue Routing
• $MEGA : MegaETH to fund MEGA token buybacks using USDM stablecoin revenue
• $PENDLE : Pendle uses up to 80% of protocol revenue to buy back tokens from the open market. The bought tokens are then distributed as yield to sPENDLE holders.
• $INJ : New INJ Buyback will be held on Feb 11th
🆕 TGEs & Launches
• $UP : Superform token launches on Feb. 10
📌 Macro
• $BTC : US CPI data set for release on Feb 13