The perpetual futures industry is thriving in the crypto market as investors embrace the huge leverage. It has also done well because of the recent Hyperliquid (HYPER) performance as its volume has jumped.
Data shows that the perpetual futures industry had over $519 billion in volume this month. While this volume is huge, it is lower than the $765 billion it had in August.
Hyperliquid has handled volume worth over $307 billion in the last 30 days, much higher than Lighter, Aster, EdgeX, and Jupiter. This article provides a forecast for some of the top gainers in the industry, like Orderly (ORDER), Aster (ASTER), and Avantis (AVNT).
Orderly (ORDER) price forecast
Orderly is a major player in the perpetual futures industry, handling over $13.3 billion this month and $23 billion last month.
The Orderly token price has jumped in the past few weeks as investors bet that it will be the next thing in the perpetual futures industry.
ORDER token jumped from a low of $0.065 in July to $0.3475 on Sunday, a 428% surge. This surge brought it closer to $0.3767, its highest level in January this year.
A closer look shows that the token flipped the important resistance point at $0.2066, the highest level in August. Moving above that level invalidated the forming double-top pattern.
The coin has jumped above the 50-day and 100-day Exponential Moving Averages (EMA). It has also moved above the Ichimoku cloud indicator.
However, oscillators like the Relative Strength Index (RSI) and the Commodity Channel Index (CCI) have moved to the overbought level. It also moved to the extreme overshoot level of the Murrey Math Lines.
Therefore, the most likely scenario is where the coin drops and retests the ultimate support at $0.2066. This price also coincides with the highest point in August. A drop to that level would be a break-and-retest pattern, which is a common continuation sign.
Avantis price prediction
Avantis price has been one of the top gainers in the crypto market this month. It jumped from a low of $0.1273 on September 9 to a high of $2.6900 on Monday.
Avantis token jumped as whales and smart money investors piled into it. It also had the best month in terms of perps volume as it handled over $5.23 billion, up from $4.6 billion in the previous month. This means that it has processed over $15 billion in volume in the last three months.
The risk, however, is that the Avantis crypto price has formed a head-and-shoulders pattern. That is a sign that it may crash to $1.5815, the highest point on September 15. A break below that level will point to more downside in the near term, potentially to $1.
Aster price forecast
Aster token has come into the spotlight this month after its airdrop and as its volume soared. It handled over $32.9 billion in volume this month, up from $9.78 billion last month. This month’s volume is slightly lower than the $34.2 billion it handled in June.
Aster price has also jumped after being mentioned by Changpeng Zhao. The hourly chart shows that it has soared from a low of $0.5400 on Sept. 19 to a high of $1.99. It has formed a bullish flag pattern, pointing to more gains in the near term.
The risk, however, is that most of the Aster token supply is controlled by just a handful of wallets. This means that, as we have seen with other top coins like Mantra, it can lead to manipulation and an eventual crash.
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