💥 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
According to CME FedWatch data, the probability that the U.S. Federal Reserve will keep interest rates unchanged in March is 91%. According to BlockBeats, the chance of a 25 basis point rate cut is estimated at 9%. These forecasts reflect the market consensus regarding the upcoming decision by the Federal Open Market Committee on monetary policy. Rate stability supports traditional assets and may influence the dynamics of the cryptocurrency market.