💥 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
Sol just collapsed so spectacularly, a bit lamentable, can it still rise?
Celebrities keep launching coins to 'rob' retail investors, and the market never seems to learn. Meanwhile, Argentina's Libra coin has exposed the final fig leaf of the bigwigs, revealing the mercilessness of the sickle.
Since yesterday, a large amount of Sol's funds has been flowing into ETH, causing Ethereum to rise abnormally. Although ETH has now fallen back with the broader market, I think it's acceptable to see Sol down 20% from 200.
The correction that started last night is mainly because Wall Street was closed yesterday, so funds could not come in. It is expected that these big shots will come online tonight and attract hot money to bottom fish. As for SOL, it is expected to be relatively weak compared to the overall market until the unlocking on March 1st. I will not touch it for now until this negative factor ends, although the project team may release some positive updates to support the market.
Before, Sol sucked up ETH too fiercely, and now the funds are flowing back, which I am actually quite happy to see. It's still early in February, the ETH upgrade is on April 8th, and the real period of exertion should be in March, so these two weeks in February are your last chance to get on the ETH train. Don't doubt that the ETH upgrade is good news or that Sol unlocking is bad news. They really do have an impact on the coin price when approaching the event time.