💥 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
Official Results from BLS (Bureau of Labor Statistics)
Headline CPI (Overall)
- MoM (previous month): +0.2% (forecast: +0.3%)
- YoY (previous year): +2.4% (forecast: +2.5%, previous month: +2.7%) → Lowest since May 2025
Core CPI (excluding food & energy)
- MoM: +0.3% (forecast: +0.3%)
- YoY: +2.5% (forecast: +2.5%, previous month: +2.6%) → Lowest since March 2021
Highlights of the report
- Shelter (housing) still increased +0.2% MoM, remaining the main driver.
- Energy decreased sharply -1.5% MoM (gasoline decreased -3.2%).
-Food prices rose slightly by +0.2% MoM.
-Airline fares surged by +6.5% (the largest increase in the core).
→ Overall: cooler than expected, especially headline prices which were 0.1% lower.
Impact on Crypto (ongoing)
This is positive news for risk-on assets:
-Inflation is falling rapidly → expectations of an earlier Fed interest rate cut (May-June 2026).
-Weak DXY, falling bond yields → money flowing into $BTC and altcoins.
Current Bitcoin: trading around $67,200 – $67,500 (up ~1–1.5% immediately after the news, from the 66,200 range before the announcement). Many traders are pushing their short-term targets up to $68,500 – $70,000.
If you're holding$BTC / $ETH or any altcoin, the situation looks much brighter than the previous "hot print" concerns.
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