💥 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
Lynn Jiang's representative advocates for China's position on critical minerals
At a press conference on February 4th, China’s Ministry of Foreign Affairs spokesperson, Lín Jiāng, commented on the initiative proposed by a group of ministers in Washington. The initiative aims to establish a partnership in critical minerals to reduce technological dependence on China. Beijing’s position remains unchanged: China is committed to maintaining the stability and security of the global critical minerals supply chain.
Supply Chain Stability as a Priority
Lín Jiāng emphasized that all participants in the international market bear responsibility for making a constructive contribution to ensuring the reliability of mineral supply networks. China sees no reason for confrontation; on the contrary, it calls for joint efforts. Proper management of critical minerals requires a coordinated approach, not unilateral measures that could destabilize the market and disrupt established supply chains.
Market Economy Principles at the Center of Negotiations
Regarding the memorandum agreed upon between Europe and the United States, the Foreign Ministry representative expressed China’s commitment to fundamental principles. Lín Jiāng stated that all countries must adhere to the rules of the market economy and international trade law. Without compliance with these principles, long-term stability and mutual trust in trade relations cannot be ensured.
Path to Global Economic Stability
Official Beijing emphasizes the need to strengthen communication and mutual understanding among all parties. Joint efforts to maintain the efficiency of the international critical minerals supply chain are key to sustainable global economic development. Lín Jiāng’s position reflects China’s desire for constructive dialogue rather than trade confrontation in the mineral resources sector.