HEDERA（HBAR）進入可能以脆弱但潛在的爆炸性技術設置

HBAR期貨量仍然柔和，表明與今年早些時候相比，投機性興趣下降。

Hedera (HBAR) is entering May in a fragile yet potentially explosive technical setup, with futures activity cooling and price movements closely tied to Bitcoin’s momentum.

HEDERA（HBAR）正在進入脆弱但潛在的爆炸性技術設置，期貨活動冷卻和價格變動與比特幣的勢頭緊密相關。

HBAR Futures volume remains subdued, suggesting a decline in speculative interest compared to earlier this year. This signals that recent price movements may have been more influenced by spot demand than leveraged speculation.

HBAR期貨量仍然柔和，表明與今年早些時候相比，投機性興趣下降。這表明最近的價格變動可能比槓桿猜測更受現場需求的影響。

Meanwhile, HBAR continues to track Bitcoin’s performance with amplified volatility. As BTC flirts with the $100,000 level and sentiment shifts bullish, HBAR could either break through key resistance levels and rally toward $0.40—or face a deeper correction if technical support fails.

同時，HBAR繼續通過擴增的波動率跟踪比特幣的性能。隨著BTC以100,000美元的水平調情和情感轉移看漲，HBAR可以突破關鍵阻力水平，並將其集成到0.40美元，或者如果技術支持失敗，則面臨更深入的更正。

Low HBAR Futures Volume Points to Cooling Speculation

低HBAR期貨容積指向冷卻猜測

HBAR Futures volume is currently at $118 million, up from a recent low of $76 million on April 19—its lowest point in the last three months.

HBAR期貨量目前為1.18億美元，高於4月19日最近的7600萬美元低點，這是過去三個月中的最低點。

This follows a steady decline from much higher levels seen earlier in the year. Notably, HBAR Futures open interest had peaked at $1.3 billion on March 1 but has not surpassed $300 million since April 12, signaling a significant drop in speculative activity around the token.

這是從今年早些時候看到的更高水平的穩步下降。值得注意的是，HBAR Futures Open權益在3月1日達到了13億美元的峰值，但自4月12日以來未超過3億美元，這表明代幣周圍的投機活動大幅下降。

Hedera Futures refer to derivative contracts that allow traders to speculate on the future price of HBAR, the native token of the Hedera network. Both retail and institutional participants often use these contracts to hedge risk or take leveraged positions.

Hedera Futures是指衍生合同，允許交易者推測HEDERA Network的本地令牌HBAR的未來價格。零售和機構參與者都經常使用這些合同來對沖風險或承擔槓桿職位。

Futures volumes and open interest are key indicators of market sentiment and liquidity—higher volumes typically suggest stronger conviction or increased trading activity. At the same time, declining figures may reflect reduced interest or confidence in near-term price action.

期貨量和開放興趣是市場情緒和流動性的關鍵指標 - 較高的量通常表明定罪或增加交易活動。同時，數字下降可能反映出對近期價格行動的利息或信心下降。

The current lower levels suggest HBAR’s recent price movements may have been more influenced by spot demand than leveraged speculation.

目前的較低水平表明，與槓桿猜測相比，HBAR最近的價格變動可能受到現貨需求的影響。

Hedera’s High Correlation with BTC Could Drive Next Rally

Hedera與BTC的高度相關性可能會驅動下一個集會

HBAR has recently shown a high correlation with Bitcoin (BTC), often amplifying the moves of the broader crypto market leader.

HBAR最近顯示與比特幣（BTC）有很高的相關性，通常會擴大更廣泛的加密市場領導者的舉動。

When BTC rallies, HBAR tends to rise even more sharply; conversely, HBAR often experiences deeper pullbacks during corrections. This pattern reflects Hedera’s sensitivity to market sentiment and positioning as a higher-beta asset in the crypto space.

當BTC集會時，HBAR傾向於更加急劇上升。相反，HBAR在更正期間經常會經歷更深的回調。這種模式反映了Hedera對市場情緒和定位的敏感性，作為加密貨幣空間中較高β的資產。

As a result, shifts in Bitcoin’s trajectory, especially during periods of strong momentum, can significantly influence HBAR’s price action.

結果，比特幣軌蹟的轉變，尤其是在強大的勢頭時期，可以顯著影響HBAR的價格行動。

With Bitcoin up 13% in the past 30 days and now sitting just 6.3% below the $100,000 mark, the next leg higher could have a strong spillover effect on HBAR.

在過去的30天中，比特幣上漲了13％，現在僅比100,000美元低6.3％，下一個腿更高可能對HBAR產生強烈的溢出效應。

On-chain data shows a recovery in BTC’s apparent demand, while institutional sentiment is gradually improving, with ETF inflows showing early signs of a rebound. If Bitcoin breaks above $100,000, HBAR could benefit from renewed capital inflows and rising market enthusiasm.

鏈上的數據顯示了BTC明顯需求的恢復，而機構情緒正在逐漸改善，ETF流入顯示了反彈的早期跡象。如果比特幣的破損超過100,000美元，HBAR可以從新的資本流入和市場熱情中受益。

Given HBAR’s tendency to outperform BTC in bullish phases, a decisive Bitcoin breakout could be a powerful catalyst for a broader move in Hedera.

鑑於HBAR在看漲階段的表現趨勢優於BTC，因此決定性的比特幣突破可能是Hedera更廣泛舉動的有力催化劑。

Key Levels to Watch As HBAR Faces Bullish Breakout or Death Cross

當Hbar面對看漲的突破或死亡十字架時，要注意的關鍵水平

HBAR price faces a critical technical setup heading into May, with the potential for a sharp move in either direction. On the bullish side, if HBAR can attract strong buying pressure and establish a sustained uptrend, it could climb as much as 123% to reach $0.40.

HBAR價格將面臨著五月的關鍵技術設置，並有可能朝任一方向急劇移動。在看漲方面，如果HBAR可以吸引強大的購買壓力並確定持續的上升趨勢，則可以攀升多達123％，達到0.40美元。

To do so, the token must first break through a series of key resistance levels at $0.20, $0.258, $0.32, and $0.37—each of which has previously acted as a rejection point during past rallies.

為此，代幣必須首先突破一系列的關鍵阻力水平，$ 0.20，0.258美元，0.32美元和0.37美元，其中以前在過去的集會期間充當了拒絕點。

A successful breakout through these levels could signal renewed momentum and broader market confidence in Hedera.

通過這些水平的成功突破可能意味著新的動力和對Hedera的更廣泛的市場信心。

However, downside risks remain firmly in play. HBAR’s EMA lines show signs of an impending death cross—a bearish pattern in which the short-term average moves below the long-term average, indicating that a deeper correction may be ahead.

但是，下行風險仍然牢固地發揮作用。 HBAR的EMA線顯示了即將發生的死亡十字架的跡象，這是一種看跌模式，短期平均值移動以下是長期平均水平，表明可能會進行更深入的校正。

If this formation is confirmed, HBAR could first test support at $0.16. Failure to hold that level may lead to further losses toward $0.124, and in a more aggressive downtrend, prices could decline to $0.0053.

如果確認了此形成，HBAR可以首先以0.16美元的價格測試支持。如果不持有該水平，可能會導致進一步的損失到0.124美元，並且在更具侵略性的下降趨勢中，價格可能會下跌至0.0053美元。