💥 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
Solana Ecosystem Meme Coin DONT: $35,600 market cap, buy low; now has a floating profit of $1,030,000
【Blockchain Rhythm】Another interesting move has appeared in the Solana ecosystem. According to GMGN data, the top address of meme coin DONT recently bought in at a low when the market cap was $35,600 — only investing $2,600. It doesn’t sound like much, but this investment has now yielded a profit of $1.03 million, a 396x return.
This guy is quite skilled at operations. During the price increase, he gradually reduced his holdings in small portions, selling about $200,000 worth of tokens, but didn’t dump everything at once, retaining most of his chips.
The background is as follows: DONT is a meme coin issued by DFDV, the third-largest treasury company in the Solana ecosystem, and DFDV itself holds 30% of the project’s tokens. This treasury company is quite influential in the Solana ecosystem — holding about 2.2 million SOL, with a market value of up to $285 million. In terms of scale, such an institution entering a meme coin project can still bring some imagination to the market.