💥 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
Coinbase and Ripple CEOs Join US Innovation Advisory Committee
The Commodity Futures Trading Commission (CFTC) has appointed executives from leading cryptocurrency companies, including the CEOs of Coinbase and Ripple, to its Innovation Advisory Committee. The decision was made as part of the committee's expansion to 35 members.
CFTC Chairman Mike Selig said the 35 committee members will help "ensure that CFTC decisions reflect real market conditions" and allow the regulator to "develop clear rules for the golden age of U.S. financial markets."
The Innovation Committee was launched in January, replacing the Technology Advisory Committee. The previous structure brought together technology leaders to analyze the impact of new technologies on derivatives markets overall.
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