💥 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
#SOL价格预测 #Gate广场创作点亮中秋
Will SOL see an "epic rise" by the end of the year? ETF ignites the market, are you ready?
Bitwise Chief Investment Officer Matt Hougan is optimistic about SOL's performance by the end of the year, as several institutions (Grayscale, VanEck, Fidelity, etc.) have submitted applications for a Solana spot ETF, with the SEC set to decide by October 10. If approved, even a small amount of funds flowing in could significantly boost the price of SOL!
Short-term impact: If the ETF is approved, market sentiment will be greatly boosted, and short-term prices may rise rapidly, similar to the market conditions when the BTC/ETH ETF was approved previously; if not approved, there may be a pullback, but the long-term ecological advantages still exist.
Year-end price prediction: If the ETF is approved, SOL is expected to break through its previous high, with a target range of $300-$400; if it is not approved, it may fluctuate in the range of $130-$180.
Trading Strategy Sharing:
1. Staggered allocation: Build positions in batches before the ETF results to avoid high risk at a single point.
2. Take Profit and Stop Loss: Set dynamic take profit to guard against volatility risks.
3. Ecological Linkage: Focus on popular projects in the Solana ecosystem (such as JTO, RAY, etc.) to capture sector rotation opportunities.
The ETF decision is imminent, with opportunities and risks coexisting. How will you position yourself? Come to the comments section to share your strategy!