HEDERA（HBAR）进入可能以脆弱但潜在的爆炸性技术设置

HBAR期货量仍然柔和，表明与今年早些时候相比，投机性兴趣下降。

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）正在进入脆弱但潜在的爆炸性技术设置，期货活动冷却和价格变动与比特币的势头紧密相关。

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期货量仍然柔和，表明与今年早些时候相比，投机性兴趣下降。这表明最近的价格变动可能比杠杆猜测更受现场需求的影响。

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.

同时，HBAR继续通过扩增的波动率跟踪比特币的性能。随着BTC以100,000美元的水平调情和情感转移看涨，HBAR可以突破关键阻力水平，并将其集成到0.40美元，或者如果技术支持失败，则面临更深入的更正。

Low HBAR Futures Volume Points to Cooling Speculation

低HBAR期货容积指向冷却猜测

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期货量目前为1.18亿美元，高于4月19日最近的7600万美元低点，这是过去三个月中的最低点。

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.

这是从今年早些时候看到的更高水平的稳步下降。值得注意的是，HBAR Futures Open权益在3月1日达到了13亿美元的峰值，但自4月12日以来未超过3亿美元，这表明代币周围的投机活动大幅下降。

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，允许交易者推测HEDERA Network的本地令牌HBAR的未来价格。零售和机构参与者都经常使用这些合同来对冲风险或承担杠杆职位。

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.

期货量和开放兴趣是市场情绪和流动性的关键指标 - 较高的量通常表明定罪或增加交易活动。同时，数字下降可能反映出对近期价格行动的利息或信心下降。

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

目前的较低水平表明，与杠杆猜测相比，HBAR最近的价格变动可能受到现货需求的影响。

Hedera’s High Correlation with BTC Could Drive Next Rally

Hedera与BTC的高度相关性可能会驱动下一个集会

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

HBAR最近显示与比特币（BTC）有很高的相关性，通常会扩大更广泛的加密市场领导者的举动。

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.

当BTC集会时，HBAR倾向于更加急剧上升。相反，HBAR在更正期间经常会经历更深的回调。这种模式反映了Hedera对市场情绪和定位的敏感性，作为加密货币空间中较高β的资产。

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

结果，比特币轨迹的转变，尤其是在强大的势头时期，可以显着影响HBAR的价格行动。

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.

在过去的30天中，比特币上涨了13％，现在仅比100,000美元低6.3％，下一个腿更高可能对HBAR产生强烈的溢出效应。

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.

链上的数据显示了BTC明显需求的恢复，而机构情绪正在逐渐改善，ETF流入显示了反弹的早期迹象。如果比特币的破损超过100,000美元，HBAR可以从新的资本流入和市场热情中受益。

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.

鉴于HBAR在看涨阶段的表现趋势优于BTC，因此决定性的比特币突破可能是Hedera更广泛举动的有力催化剂。

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

当Hbar面对看涨的突破或死亡十字架时，要注意的关键水平

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价格将面临着五月的关键技术设置，并有可能朝任一方向急剧移动。在看涨方面，如果HBAR可以吸引强大的购买压力并确定持续的上升趋势，则可以攀升多达123％，达到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.

为此，代币必须首先突破一系列的关键阻力水平，$ 0.20，0.258美元，0.32美元和0.37美元，其中以前在过去的集会期间充当了拒绝点。

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

通过这些水平的成功突破可能意味着新的动力和对Hedera的更广泛的市场信心。

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，下行风险仍然牢固地发挥作用。 HBAR的EMA线显示了即将发生的死亡十字架的迹象，这是一种看跌模式，短期平均值移动以下是长期平均水平，表明可能会进行更深入的校正。

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.

如果确认了此形成，HBAR可以首先以0.16美元的价格测试支持。如果不持有该水平，可能会导致进一步的损失到0.124美元，并且在更具侵略性的下降趋势中，价格可能会下跌至0.0053美元。