💥 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
According to a report by ShenChao TechFlow, on August 18, Bitmine Chairman Tom Lee stated that the White House's "GENIUS Act" and the SEC's crypto assets project will bring significant changes to the financial service industry. Lee pointed out that this regulatory framework will promote the development of the digital infrastructure of the Ethereum ecosystem. He emphasized that while the market focuses on the direct impact of regulation, it is even more important that it will facilitate innovation and development in digital financial infrastructure. #BTC ETF持仓破1530亿美元