💥 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
Election pressure forces the Spot Ethereum ETF to accept encryption donations.
On May 21, 2024, the Trump 2024 campaign team announced that they will accept cryptocurrency donations including BTC, ETH, GOGE, SOL, SHIB, XRP, USDC, and ZRX.
Perhaps feeling the election pressure from Trump, the SEC under Clayton's leadership has had a 180-degree turnaround in its attitude towards spot ETH ETFs, approving the 19b-4 filings for all 8 spot ETH ETFs on May 23rd.