The price of Hedera (HBAR) has declined to $0.1466, down 1.5% in the past 24 hours and 13% in the last seven days. It’s notable that this performance aligns with broader market losses among top cryptocurrencies like Bitcoin and XRP. That’s because the cryptocurrency market is grappling with fresh selling pressure amid uncertainty, exacerbated by escalating geopolitical tensions in the Middle East. Particularly, the Israel-Iran conflict threatens to explode into a full-blown war, something that is contributing to cautious investor sentiment. As macroeconomic pressures and geopolitical risks weigh on digital assets, HBAR approaches a critical support level at $0.14, raising concerns about potential further declines. Hedera integrates Australian Digital Dollar stablecoin A significant milestone for Hedera is the launch of the Australian Digital Dollar (AUDD) stablecoin on its network, announced on June 19, 2025. Hedera Foundation @HederaFndn · Follow We’re excited to announce that AUDD, the Australian Digital Dollar stablecoin, has officially launched on the @Hedera network 🇦🇺 Through this integration, we look forward to driving digital payments throughout APAC and beyond 🧵 Watch on Twitter View replies 4:08 am · 19 Jun 2025 1.6K Reply Copy link Read 79 replies Pegged 1:1 to the Australian Dollar, AUDD is the first Australian stablecoin natively issued on Hedera via its Token Service, marking the initial commercial implementation of the Hedera Stablecoin Studio. This integration aims to enhance digital payments in the Asia-Pacific region and beyond, leveraging Hedera’s high-performance, enterprise-grade blockchain with transaction fees as low as $0.001 and a carbon-negative footprint. The stablecoin’s adoption reflects growing interest in stablecoins for cross-border payments and commercial applications, positioning Hedera as a leader in real-world asset tokenization. The network’s stablecoin market cap has surged to $130 million from a year-to-date low of $37 million, signaling robust ecosystem growth. Additionally, Hedera has seen a 20% increase in active wallets over the past year. There’s also more than 45% of HBAR tokens staked, indicating strong community engagement and confidence in the platform’s long-term potential. Despite these advancements, HBAR’s price remains under pressure. The network’s growth, including partnerships with major institutions like Nvidia and the introduction of tools like the Hedera Agent Kit and Citadel wallet, has not yet translated into bullish price action. The launch of HashSphere, a regulated blockchain platform for stablecoin-based payments, further underscored Hedera’s innovation, but market sentiment remains cautious amid broader economic uncertainties. HBAR price prediction HBAR’s 13% weekly decline mirrors the bearish trend across major cryptocurrencies. HBAR price chart by TradingView Technical indicators paint a challenging picture: the Relative Strength Index (RSI) at 30 hovers near oversold territory. Meanwhile, the Moving Average Convergence/Divergence (MACD) shows a bearish crossover, suggesting that sellers currently dominate. The $0.14 support level is critical; a break below could push HBAR toward its year-to-date low of $0.12, potentially forming a double-bottom pattern that might signal a reversal. Conversely, if bullish momentum emerges, HBAR could target resistance at $0.17 and $0.20. Long-term forecasts remain optimistic, with analysts projecting that HBAR could reach $0.75 by the end of 2025 and potentially $1. However, short-term volatility and geopolitical risks, including Middle East tensions, could continue to pressure prices unless macroeconomic conditions stabilize. The post HBAR extends losses despite Hedera's major AUDD stablecoin news appeared first on Invezz
