💥 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
The retention rate on @Polymarket remains unmatched.
~394k unique wallets participated during the 2024 elections, and nearly 26% are still active a year later.
For context, DEX retention is around ~7%, and that number likely includes a lot of "dead" platforms, which drags the average down.
But even the strongest perp DEXs don’t get close: Hyperliquid’s 6-Month Retention (Top Users) was about 20%.
Polymarket is above that.
November is on pace for another $4B+ month volume if the current run rate holds.
That's basically matching the crazy October/November 2024 levels when everything went parabolic around the US elections.
People are coming back for new markets.