💥 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
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February 14
1. Bitcoin Market: Bitcoin finally stops pretending and makes a strong rebound, closing at $69,455. Currently trading at $68,843. Ethereum also rebounds simultaneously, up 5%, now at $2,047, with a high of $2,072.
2. Altcoin Market: Market conditions improve, and altcoins show some performance. SOL surges 7%, closing at $84; DOGE at $0.0965; PIPPIN up 17%, now at $0.59, with a high of $0.65; NAROIS up 65%; TAKE up 38%, at $0.05776; CTC sharply rises 50% in early trading; AIA up 30%, at $0.134; FHE down 22%, at $0.04; RIVER down 18%, at $18.2; I’m f***ing here drops 9%, at $0.0235.
3. Neighboring Markets: U.S. stocks failed to rally significantly despite CPI positive news, with the three major indices fluctuating; Applied Materials up over 8%, hitting a new high; A-shares plummeted, turning the Spring Festival red envelope market into a “receiving red envelope market,” with shipbuilding sector strengthening; Gold surged 2.3% on CPI optimism, returning above $5,000, closing at $5,063; Silver also rose 2%, at $77.3.
4. U.S. President Donald Trump confirmed on February 13 (local time) that the U.S. military will deploy a second aircraft carrier strike group to the Middle East to pressure Iran into reaching an agreement with the U.S.
5. U.S. January CPI increased 2.4% year-over-year, below market expectations.
6. Canary updates the spot Trump Coin ETF application documents, with BitGo serving as custodian.
7. As Washington shifts focus to the 2026 midterm elections, the important bill “CLARITY Act,” aimed at regulating the cryptocurrency market structure, faces new resistance. Patrick Witte, a member of the President’s Digital Asset Advisory Committee, warned that the legislative window is “closing rapidly,” with stablecoin regulation and yield issuance being key sticking points.
8. Grayscale has submitted AAVE ETF documents to the U.S. SEC.
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