💥 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
Meghalaya, located in northeastern India, was the scene of a serious mining incident on February 5th that resulted in at least 18 workers dead. According to reports from Indian media and data released by Jin10, the explosion occurred during coal extraction activities at facilities that were presumably operating without legal authorization.
Local authorities have confirmed that several workers remain trapped inside the mine after the disaster. Although the exact cause of the explosion is still under investigation, investigators have indicated that the lack of regulation and oversight in the mine's operation may have contributed to the disaster. This incident once again highlights the risks associated with illegal mining in the region and the need to strengthen inspection and safety mechanisms in mining operations.