💥 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
Wu says that according to an official statement from Jupiter, the team has submitted a proposal to the DAO to reduce the token's "net emissions" to near zero in the foreseeable future. The plan includes: an indefinite suspension of token releases from the Team Reserve; Jupiter Treasury absorbing any sales of team-unlocked tokens; an indefinite delay of the "Jupuary" airdrop; and accelerated hedging of Mercurial-related unlocks. Whether it ultimately passes will be decided by a DAO vote.