💥 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 probability of the Fed lowering interest rates in September is 75%.
According to news from Hash World, the CME "Fed Watch" indicates that the probability of the Fed maintaining interest rates in September is 25%, while the probability of a 25 basis point rate cut is 75%. The probability of the Fed maintaining interest rates in October is 13.3%, with the cumulative probability of a 25 basis point cut at 51.5% and a cumulative probability of a 50 basis point cut at 35.3%.
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