💥 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
Looking at the top gainers, the proportion of blockchain games is slightly higher! But this sector has been dead for 5 years now!
The former giants like GALA/ACE have basically returned to zero from their previous highs. Don't expect to revisit historical highs; that's basically impossible now!
The other sectors belong to relatively new coins, and with recent weak market conditions, the demand for arbitrage has increased, which in turn has boosted lending demand, so XVS has also secured a position!
At this point, these relatively new coins are collectively surging, just like last weekend!
Recently, meme coins have indeed been performing actively. Will they gain momentum?
It still depends on BTC/ETH's performance, mainly ETH;
The more it dips this weekend, the higher the probability of completing a 4H double bottom next week. The more it falls, the more it hits the bottom, and the better the opportunity to buy in and hold until Monday!
This is my current strategic outlook, and it hasn't changed for now!
#RACA #Gate广场创作者新春激励 $GT $XRP