💥 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
Sichuan Province intensifies its crackdown on cryptocurrency mining. Local authorities in Butuo County have just announced a formal ban on all forms of virtual currency mining, labeling them as unregulated financial activities with significant risks. Regional officials emphasize the concrete threats associated with these practices: drastic reductions in credit lines, power outages, internet disconnections, and potential legal actions against participants in these operations. To effectively combat this phenomenon, Sichuan authorities are increasing their surveillance of affected areas and calling on citizens to report any suspected clandestine mining activities. This combined approach aims to gradually eradicate unauthorized mining in the region.