๐ฅ 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
๐ Crypto Market Update โ February 12, 2025 ๐
๐น Bitcoin (BTC): $95,447 (-2.17%)
๐น Ethereum (ETH): $2,592.70 (-3.09%)
๐น BNB: $633.73 (+2.23%)
๐น Cardano (ADA): $0.7646 (+1.37%)
๐น Solana (SOL): $194.76 (-3.16%)
๐ Total Market Cap: $3.24 Trillion (+2.31%)
๐ป Bitcoin and Ethereum are facing pullbacks, while BNB and ADA see slight gains. Solana dips as market volatility continues.
๐ฅ Key Drivers:
The January CPI report could impact Fed rate decisions, influencing crypto sentiment.
The SECโs latest regulatory stance is adding uncertainty to the market.
Whatโs your strategy in this market? Buying the dip or waiting it out? Letโs discuss! ๐ #Crypto Bitcoin #Ethereum CryptoNews