💥 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
Pi Network has recently faced the toughest challenges of the year. Reports indicate that approximately 9500 million coins will be unlocked this month, which will undoubtedly create significant pressure on the market supply. However, blockchain data shows that the situation is not entirely pessimistic. Data reveals that in January, 2.7 million coins were transferred from exchange wallets to private addresses. This detail deserves attention — large sums are constantly being withdrawn from exchanges, indicating that many participants remain optimistic about the long-term prospects and prefer to store their assets independently. Of course, short-term pressure on supply is a real concern. But from a development cycle perspective, the level of infrastructure development and community resilience are being tested. This stress test essentially serves as a verification of the true capabilities of this network.
#pi
@pi
#piNetWork $PI