💥 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
Beijing defends its strategic role in the critical minerals supply chain
During a press conference on February 4, 2026, Chinese Foreign Ministry spokesperson Lin Jian addressed recent international initiatives aimed at diversifying sources of critical mineral supplies. Bloomberg journalists’ questions reflected the growing tensions surrounding global control of essential resources for the energy transition.
China’s Official Position
Lin Jian reiterated that Beijing remains firmly committed to maintaining the stability and security of the global critical mineral supply chain. The spokesperson emphasized that all nations must take responsibility for contributing constructively to preserve the balance of the international market. According to Jin10 sources, the Chinese statement was framed as a direct response to the proposal discussed in Washington by several foreign ministers, aimed at reducing dependence on Beijing in the strategic minerals sector.
Market Principles and International Trade
Regarding the memorandum signed between the EU and the United States, Beijing reaffirmed the need for all countries to strictly adhere to market economy principles and international trade regulations. The Chinese position emphasizes that constructive communication and multilateral dialogue remain essential for the proper functioning of the international supply chain. This approach aims to counter what Beijing perceives as protectionism disguised as economic “de-risking.”
Global Implications for Strategic Supply
The statement reflects the growing geopolitical competition over critical minerals, with China continuing to control a significant portion of global extraction and refining capacity. Sustainable sourcing of these materials remains crucial for the global economy, and the Chinese position highlights how the Beijing government considers the stability of the international chain as a common interest of all nations, rather than a tool for strategic competition.