💥 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
🇨🇳 Numerous fake news have been circulating since yesterday claiming that China has enacted a new ban on cryptocurrencies.
China has made NO recent official announcement regarding cryptocurrency regulations.
Moreover, the country had already banned Bitcoin and other cryptocurrencies in 2021, and this policy remains unchanged.