💥 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
The crypto market stabilizes and rebounds, with BTC breaking through $97,000, while only the GameFi and DePIN sectors decline.
ChainCatcher News: According to SoSoValue data, the encrypted market has stabilized and rebounded. Bitcoin (BTC) rose 3.16% in 24 hours, breaking through $97,000. Ethereum (ETH) increased by 2.00%, surpassing $1,800. Additionally, the PayFi sector rose 2.86%, with Bitcoin Cash (BCH) and Litecoin (LTC) up 6.59% and 11.89%, respectively. The Meme sector increased by 2.40%, within which dogwifhat (WIF) and Popcat (POPCAT) rose 6.42% and 7.82%.
Notably, MAG7.ssi increased by 1.56%, DEFI.ssi by 1.26%, and MEME.ssi by 1.68%.
Other standout sectors include the AI sector, which rose 2.05% in 24 hours, with Worldcoin (WLD), Fetch.ai (FET), and KAITO up 8.52%, 8.70%, and 37.48%, respectively. The NFT sector increased by 1.77%, with Pudgy Penguins (PENGU) up 9.71%. The Layer1 sector rose 1.60%, with Cardano (ADA) up 4.31%. The Layer2 sector increased by 0.16%, with Stacks (STX) up 10.43%.
Meanwhile, the crypto sector indices reflecting sector performance showed that ssiNFT, ssiAI, and ssiPayFi increased 3.32%, 3.26%, and 2.88% over 24 hours, respectively.
In other sectors, DePIN declined 0.18% over 24 hours, and GameFi decreased by 0.22%.