💥 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
The United States will release the January unadjusted CPI year-over-year at 21:30 (UTC+8) tonight, with the previous value at 2.70% and the expected 2.50%. Additionally, the January seasonally adjusted CPI monthly rate will be announced, with the previous value at 0.3% and the expected 0.3%.
Goldman Sachs analyst Kay Haigh stated yesterday that they still believe the Federal Reserve has room for two more rate cuts this year. However, if the CPI released on Friday unexpectedly rises, it could cause the Fed to tilt hawkish.
According to PolyBeats monitoring, the probability that the January unadjusted CPI year-over-year on Polymarket is less than or equal to 2.8% is 96%, with only 2% each for the probabilities of 2.9% and 3.0%. #Gate广场发帖领五万美金红包 $BTC