Hedera Price Prediction: Can HBAR Hit $1 Amid MiCA Crypto Alliance Partnership?

Highlights

Hedera price collaboration aims to standardize crypto sustainability and compliance costs.
Recent market activity shows increased trading volume amid price decline.
Alliance provides tools for better sustainability assessments and white papers

Hedera market has recently entered a downtrend following a brief recovery. Hedera price is currently undergoing a market correction. This trend mirrors the broader cryptocurrency sector, which has also been bearish after recent market fluctuations. In related developments, Hedera is poised to become a founding member of the MiCA Crypto Alliance, alongside Ripple and the Aptos Foundation. This strategic move precedes the recent decline in Hedera’s price.

Hedera Price Eyes $1 As Crypto Alliance Forms

Hedera has joined forces with Ripple and Aptos Foundation as founding members of the new MiCA Crypto Alliance. This initiative, supported by the DLT Science Foundation, aims to align with the Markets in Crypto-Assets (MiCA) regulations. The alliance includes various layer 1 and layer 2 protocols and exchanges. It seeks to standardize white paper content and sustainability measures.

1/3 #Hedera is excited to join @Ripple and @Aptos Foundation as Founding Members of the MiCA Crypto Alliance, with technical support from DLT Science Foundation. 🔗To learn more or get involved: https://t.co/UJVxCzmXGH pic.twitter.com/f4L1rvu5ur

— Hedera (@hedera) September 16, 2024

This collaboration will reduce compliance costs and maintain high industry standards. Alliance members will gain access to advanced sustainability assessment tools and white paper creation resources. On Monday, the three principal organizations announced this strategic move, signifying a major step towards enhanced regulatory compliance in the EU’s cryptocurrency markets.

HBAR Struggles Below $0.05 Amid Bearish Trends

Hedera price has shown signs of a bearish trend, consistently hovering below the crucial support level of $0.05. At the time of writing, the HBAR price is trading at $0.04943, marking a decrease of 3.39% during the U.S. trading time zone.

This downturn follows a significant increase in trading volume, which has surged by 55.72% in the last 24 hours, suggesting heightened market activity amidst the declining price.

The Moving Average Convergence Divergence (MACD) histogram suggests a bearish outlook as it remains below the signal line. The divergence between the MACD line (blue) and the signal line (orange) has widened, indicating that downward momentum could persist in the short term.

Hedera Price Prediction: Can HBAR Hit $1 Amid MiCA Crypto Alliance Partnership? — Hedera Price Chart| Source: TradingView

According to Coinglass data, the Hedera price movement has seen significant trading activity recently. The trading volume surged by 67.70%, reaching $23.54 million. However, the open interest for Hedera has declined by 2.43%, settling at $28.95 million. This divergence between trading volume and open interest could indicate changing investor sentiment or impending volatility in the market.

Hedera price faces a significant hurdle at the $0.06 mark. If it breaks past this point, it could climb towards $0.07. Subsequent advancements could drive HBAR to a dollar. This comes as Hedera joins the MiCA Crypto Alliance, a move signaling promising growth ahead. These developments place Hedera in a strong position for future appreciation.

Frequently Asked Questions (FAQs)

1. What is the MiCA Crypto Alliance?

The MiCA Crypto Alliance is a new initiative formed by Hedera, Ripple, and Aptos Foundation to align with the Markets in Crypto-Assets (MiCA) regulations, aimed at enhancing regulatory compliance, sustainability, and industry standards in the EU.

2. How does the MiCA Crypto Alliance benefit Hedera?

The alliance provides Hedera with access to advanced sustainability assessment tools, standardized white paper resources, and the potential to reduce compliance costs, positioning it for better regulatory alignment.

3. Can HBAR reach $1 in the near future?

Reaching $1 would require breaking key resistance levels, such as $0.06 and $0.07, but the current bearish trend and market conditions could pose challenges. The MiCA Crypto Alliance, however, may bolster long-term potential.

TAGS
hedera hashgraph

Trending
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.