💥 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
📌 Bloomberg reports that Russia wants to rejoin the USD system. Specifically, Russia proposes economic cooperation with the US if an Ukraine agreement is reached. The sectors include oil and gas, LNG, minerals, and nuclear. At the same time, signals are being sent to reopen the market for American businesses. Clearly, Russia wants to reconnect with the USD payment system.
After 2022, Russia has intensified de-dollarization, shifting towards CNY, bilateral payments, and gold accumulation. It seems Russia is reconsidering the costs of staying outside the US financial network. Energy trade is a huge, steady cash flow. If they return to USD payments, Russia is indirectly supporting the petrodollar and turning away from BRICS.