💥 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
Shiba Inu Team Launches SHIB ‘Tokenized Stickers’ on Telegram
The official X handle of Shiba Inu announced the launch of new tokenized expression stickers on Tuesday. The team collaborated with the tokenized digital art firm Goodies to bring it to the markets. This is among the new projects that the team has released this year.
“SHIB stickers are live. We have seen a lot happen over the years. The emergence of tokenized expression on Telegram, one of the world’s most used messaging apps, is a special moment. Glad to share this collection with SHIB fans all over the world. Live via Goodies_tg,” the Shiba Inu’s tweet read.
However, the demand for the tokenized stickers remains unknown, but the Shiba Inu team claims that their servers went down due to high demand from users. “SHIBarmy, you broke it. Servers are scaling to meet demand, try again in a few minutes,” read a follow-up tweet. Goodies also wrote that “there are thousands of SHIB token-inspired stickers on Telegram.”
Also Read: Is Kusama Leaving Shiba Inu Behind for a ‘Beyond Crypto’ Vision?
Shiba Inu: Traders Demand Answers, Not Tokenized Stickers
“Don’t fall for it, guys. Keep your money in your pockets,” wrote a user, while another commented, “Still waiting for the project to fulfill the promise of automatic burns built into Shibarium.” The community is mostly focused on Shibarium, as that’s the only hope to burn Shiba Inu tokens.
The rest of the projects do nothing to help burn Shiba Inu tokens and send them to the dead wallet. The unending price dip for a year has also turned off the majority of investors. SHIB is now trading at $0.0000059, and the decline is steep, going down 62% in a year. The dip has burnt a huge hole in the investor’s wallets, while some believe a recovery is impossible.