Anticipated Advancements in Hedera (HBAR) by May 2025

Anticipated Advancements in Hedera (HBAR) by May 2025

Heads Up: Hedera (HBAR) Navigates a Volatile May, Tied to Bitcoin's Away Game

May's in the house for Hedera (HBAR), and it's riding Bitcoin's coattails, baby! Futures activity's chilled, and HBAR's moves are closely tied to BTC's momentum. HBAR Futures volume's at $118 million, up from recent lows, but still down from earlier this year, showing a decline in speculative interest.

Meanwhile, HBAR's in lockstep with Bitcoin, with amplified volatility. As BTC flirts with the six-figure mark and sentiment sways bullish, HBAR could either soar past key resistance levels and head towards $0.40, or take a tumble if technical support collapses.

Low HBAR Futures Volume Suggests Cautious Traders

HBAR Futures volume is currently sitting at $118 million, up from recent lows but still below the peaks of earlier this year. Noticeably, HBAR Futures open interest peaked at $1.3 billion in March but hasn't surpassed $300 million since mid-April, indicating a drop in speculative trading around the token.

Hedera Futures are derivative contracts that let traders speculate on HBAR's future price. Both retail and institutional participants use these contracts to hedge risk or take leveraged positions. Higher futures volumes typically suggest stronger conviction or increased trading activity. Lower figures, however, may indicate reduced interest or confidence in near-term price action.

The current low levels suggest that HBAR's recent price movements may have been more driven by spot market demand than leveraged speculation.

HBAR and BTC's Dance: Bull or Bear Trend Ahead?

HBAR's been showing a high correlation with Bitcoin, often amplifying BTC's moves. When BTC rallies, HBAR tends to skyrocket, while corrections see HBAR experience deeper pullbacks. Bitcoin's current 13% growth in the last 30 days, with a mere 6.3% shy of $100,000, could spell a strong run for HBAR.

A breakdown above $100,000 for Bitcoin could trigger renewed capital inflows and enthusiasm for HBAR, especially since HBAR's known for outperforming Bitcoin in bullish phases. If the trip to the moon begins, HBAR could join in for a potentially explosive ride!

But don't get too excited, partner. HBAR's EMA lines suggest an impending death cross, a bearish pattern, with the short-term average expected to drop below the long-term average. This could lead to a brutal tussle for support at $0.16, and a deeper correction if that line fails to hold. If all hell breaks loose, HBAR prices could plunge as low as $0.0053.

Remember, HBAR's dance with BTC's heartbeat makes it a high-beta killer in the crypto world. Buckle up, hold tight, and prepare for a wild ride as Bitcoin sets its sights on the stars!

Disclaimer:This price analysis article runs on the scent of the wind and shouldn't be mistaken for financial advice. BeInCrypto thrives on honesty, balance, and transparency. Tune in for informative, unbiased insights into the cryptoverse, but always remember to do your homework and consult with experts before making investment decisions. Our Terms and Conditions, Privacy Policy, and Disclaimers have been given a spit-shine for freshness.

Sources:[1] onchain.com[2] google.com[3] bloomberg.com

Platform Promos:- Uphold: Trading made easy. Early access to new tokens, one-step trading, and multi-asset support. Take the leap today!- TonTrader: Travel the crypto cosmos. Discover, trade, and explore with ease. Your intergalactic journey awaits.- dYdX: Dive into the deep end of DeFi. Explore the limits of liquidity and leverage. Get your diving gear ready now!- Arkham: Venture into the dark corners of blockchain. Uncover hidden gems and unleash your inner detective. Be fearless.- BingX: Your crypto superhighway. Trade crypto, stocks, and precious metals all in one place. Ride the wave of success!- HTX: The heart of harmony. Trade with purpose, trade on principle. Become part of the thriving HTX community.

1. Although HBAR Futures volume has increased from recent lows, it remains below the levels seen earlier this year, indicating a decline in speculative interest in the token.
2. HBAR's price movements are more closely tied to spot market demand than leveraged speculation, as suggested by the low levels of HBAR Futures volume.
3. HBAR has shown a high correlation with Bitcoin, often amplifying BTC's moves, which could indicate a potentially explosive rise for HBAR if Bitcoin surpasses $100,000.
4. The EMA lines for HBAR suggest an impending death cross, a bearish pattern, which could lead to a brutal tussle for support at $0.16 and potential deeper corrections if the line fails to hold.
5. Hedera Futures are derivative contracts that let traders speculate on HBAR's future price, often used for hedging risk or taking leveraged positions, with higher volumes typically indicating stronger conviction or increased trading activity.
6. Traders should consult with experts and do their own research before making investment decisions, as the information provided is not financial advice.
7. In addition to HBAR and Bitcoin, other factors such as liquidity, DeFi, technology, crypto trading, altcoins, token sales (ICOs), and futures sensitivity to pullbacks may also impact the crypto market.

Read also: