💥 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
#CoinDeskSeptemberGateReportComing Gate's spot market share surged to an all-time high of 5.47% in September, driven by a 20.1% increase in spot trading volume to $117 billion. This growth is notable, especially since the overall crypto market experienced a slowdown in September, with combined spot and derivatives volumes falling 17.5% to $8.12 trillion.
*Key Highlights of Gate's Performance:*
- *Spot Market Share*: Gate's spot market share increased to 5.47%, a significant milestone for the exchange.
- *Derivatives Market Share*: Gate's derivatives market share rose to 11.3%, with a 1.11% increase in September.
- *Trading Volume*: Gate's spot trading volume jumped 20.1% to $117 billion, while derivatives volumes fell 20.1% to $5.98 trillion.
*Market Trends:*
- *September Slowdown*: The crypto market typically experiences a slowdown in September, with trading volumes declining.
- *Open Interest*: Despite the decline in trading volumes, total open interest across derivatives exchanges reached an all-time high of $230 billion, with a 3.2% increase to $204 billion.¹ ²