💥 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
Currently, all eyes in the market are on the upcoming CPI data because this report can impact not only the short-term but also the mid-term trend. The CPI #CPIDataAhead Consumer Price Index( is the most important indicator of inflation, showing how quickly prices are rising.
If the CPI exceeds expectations, it means inflation is not yet under control — in this case, pressure may mount on the crypto and stock markets, and volatility could increase. Traders usually become cautious in this scenario.
However, if the CPI data comes in below expectations, a relief rally may be seen in the market. This can build bullish momentum in risk assets — especially crypto — because investors believe that interest rate hikes might slow down.
Therefore, it is essential for traders to: • Avoid high leverage
• Use stop-loss orders
• Not overtrade during news releases
The CPI is not just a report — it sets the direction of market sentiment. Smart traders wait for the data, react thoughtfully, and plan accordingly.