💥 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 Square Daily Report | February 14
1️⃣ Brand Updates: Gate connected with the global ecosystem over three days at Consensus HK, with Dr. Han's keynote speech deepening cooperation consensus
2️⃣ International Developments: The Russian Central Bank plans to study the creation of a Russian stablecoin
3️⃣ Regulatory Updates: The US SEC plans to promote regulatory rule reforms, covering cryptocurrency classification and investment contract recognition frameworks
4️⃣ Market Outlook: Peter Brandt states that the crypto market may hit a true bottom in October, with short-term fluctuations possibly trending upward
5️⃣ Data Insights: CryptoQuant indicates that Bitcoin's ultimate bear market bottom may be around $55,000