💥 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
Key Points:
CPI inflation in February is expected to be 2.9% YoY, down from 3.0% in January.
Core CPI is expected to be 3.2%, slightly down from the previous 3.3%.
The outlook for the US Federal Reserve's interest rate cuts may change based on CPI data.
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