💥 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
Strong US Labor Data Dampens Rate Cut Hopes
The primary trigger for this week’s volatility was a surprisingly robust US Nonfarm Payrolls report, which showed 130,000 new jobs in January—well above forecasts. This strength suggests the Federal Reserve may keep interest rates higher for longer. Since gold is a non-yielding asset, higher interest rates make it less attractive compared to bonds or savings accounts
$PAXG #GateSquare$50KRedPacketGiveaway