💥 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
Bitcoin fell below $70,000 for the first time in 15 months.
Bitcoin dropped 8%, cutting roughly $120 billion from its market cap.
The total crypto market fell 7%, losing about $184 billion in market cap.
Gold declined 5.5%, erasing around $1.94 trillion in market cap.
Silver plunged 19%, wiping out nearly $980 billion in market cap.
The S&P 500 fell 0.95%, shedding roughly $580 billion in market cap.
Nasdaq slid 2.5%, erasing about $1 trillion in market cap.
Russell 2000 dropped 2%, losing around $65 billion in market cap.
Nearly $5 trillion in market value was erased, despite no major negative news.
$BTC $MAJOR $ARK #BuyTheDipOrWaitNow? #GateJanTransparencyReport #USIranNuclearTalksTurmoil #BitcoinHitsBearMarketLow