💥 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
Seeing the SEC delay two more crypto ETF decisions
One is the $PENGU filed by Cboe, and the other is the T. Rowe Price actively managed crypto ETF filed with NYSE.
The SEC's reason is very official, requiring more time to evaluate, extending the decision period by 45 days.
In fact, it just means the SEC hasn't decided how to handle it yet. Previously, spot Bitcoin and Ethereum ETFs were approved, and the market once thought the door to crypto ETFs was open.
But it now appears that the SEC's approval pace remains cautious, especially for this type of actively managed crypto ETF, which involves more complex coins and strategies. It's normal for regulators to need more time to study.
Personally, I think such ETFs are likely to continue being delayed in the short term.
But at least it shows that regulators are taking this seriously, which is better than a one-size-fits-all approach.