💥 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
According to TASS, the Central Bank of Russia plans to conduct a feasibility study on creating a Russian stablecoin by 2026. First Deputy Governor of the Central Bank of Russia Vladimir Chistyukhin made the above statement during the Alfa Talk conference. Chistyukhin stated: “We plan to conduct a study this year to reassess this issue. Indeed, our consistent position is not to allow the issuance of such products, but considering the practical experience of some countries, we will re-examine the risks and prospects involved and submit the relevant conclusions for public discussion.”