Virginia Launches Hedera HBAR-Powered Environmental Credit Marketplace Amid Bullish Technical Signals
The Virginia Department of Environmental Quality has partnered with WaterLedger to launch a statewide marketplace for trading verified water and carbon credits on the Hedera blockchain. The platform utilizes Hedera's speed and efficiency to enable secure, traceable transactions for institutions and government agencies.
HBAR's technical indicators are signaling a potential recovery. After a sharp decline from $0.13 to $0.103, the token is showing bullish RSI and MACD signals NEAR key support levels. Analysts are targeting $0.22 in the coming weeks, marking a potential 113% upside from current levels.
This initiative positions Virginia as a potential model for other U.S. states seeking transparent environmental credit systems. WaterLedger's integration provides the framework for tokenizing and tracking these assets at scale.