$AVA After the surge in volume and recovery, the gains from the first hour were preserved, but upward progress slowed noticeably. From 21:00 to 22:00, it closed at 0.4165, higher than the previous hour; however, trading volume fell by 40.54%, and the price did not retest 0.4362. I would view this as a consolidation phase after the breakout, and for now I would not equate strength on the gainers list with the start of another acceleration.
At 22:15 Beijing time on October 18, Binance AVAUSDT perpetual was trading around 0.4167, up 39.65% over 24 hours and ranked second among the 523 qualifying USDT perpetual contracts for which complete data was available. Compared with the article at 21:24, the more important update is the newly completed hourly candle: the pullback support discussed in the previous article has produced its first result.
From 20:00 to 21:00, it rose 4.37% on a surge in volume, then retreated from 0.4362 to close at 0.4128, leaving a pronounced upper wick. From 21:00 to 22:00, it then opened at 0.4129 and closed at 0.4165, up 0.87%, with a low of 0.4014 and a high of 0.4196. The low for the entire hour was above the previous key level of 0.3963, and the close remained above 0.4025; however, the price did dip below 0.4025 during the session, so it would be inaccurate to say that this level held throughout.
This offers partial support for the previous question of whether the gains could be preserved after the recovery: the price did not immediately fall back into its earlier range, and the hourly close moved higher. However, the new hourly high remained below 0.4362, the trading range narrowed, and the previous high has yet to be retested. Holding gains and continuing a breakout are two different pieces of evidence.
I am more focused on the simultaneous cooling in volume and the extent of the advance. Trading volume was about 16.59 million USDT from 20:00 to 21:00, then fell to 9.86 million from 21:00 to 22:00, a decrease of 40.54%. Lower volume did not lead to a lower close, so this alone is not enough to conclude that the recovery has failed. But with the hourly gain slowing from 4.37% to 0.87%, there is also not enough evidence to justify chasing at the previous hour’s pace. Trading volume is the matched transaction amount, not net inflows.
Over the same period, open interest rose from 18.6408 million AVA at 21:00 to 19.3380 million at 22:00, an increase of about 3.74%, below the previous hour’s growth rate of 8.37%. Price and OI are still rising together, so participation has not fully receded, but that does not mean all newly opened positions are long. The latest actual funding-rate settlement, at 20:00, was -0.002461%; that figure alone cannot explain this rally.
AVA is associated with Travala’s travel membership and rewards ecosystem. I have not found any recent catalyst that could independently explain this hourly move, so I am still basing my assessment on whether the price can hold its gains and whether trading volume picks up again. The most recently completed four-hour period, from 16:00 to 20:00, rose 2.04%; the 20:00–24:00 period is not yet complete, so a four-hour breakout cannot be confirmed in advance.
Next, if a completed hourly candle closes back below 0.4025, the current consolidation may be starting to give way; a drop below 0.3963 would further weaken the recovery. If the close continues to move higher and volume picks up again, the next question is whether 0.4362 can be decisively cleared and held. For now, the evidence supports the recovery continuing for one hour, but does not confirm a breakout above the previous high.
At 22:15 Beijing time on October 18, Binance AVAUSDT perpetual was trading around 0.4167, up 39.65% over 24 hours and ranked second among the 523 qualifying USDT perpetual contracts for which complete data was available. Compared with the article at 21:24, the more important update is the newly completed hourly candle: the pullback support discussed in the previous article has produced its first result.
From 20:00 to 21:00, it rose 4.37% on a surge in volume, then retreated from 0.4362 to close at 0.4128, leaving a pronounced upper wick. From 21:00 to 22:00, it then opened at 0.4129 and closed at 0.4165, up 0.87%, with a low of 0.4014 and a high of 0.4196. The low for the entire hour was above the previous key level of 0.3963, and the close remained above 0.4025; however, the price did dip below 0.4025 during the session, so it would be inaccurate to say that this level held throughout.
This offers partial support for the previous question of whether the gains could be preserved after the recovery: the price did not immediately fall back into its earlier range, and the hourly close moved higher. However, the new hourly high remained below 0.4362, the trading range narrowed, and the previous high has yet to be retested. Holding gains and continuing a breakout are two different pieces of evidence.
I am more focused on the simultaneous cooling in volume and the extent of the advance. Trading volume was about 16.59 million USDT from 20:00 to 21:00, then fell to 9.86 million from 21:00 to 22:00, a decrease of 40.54%. Lower volume did not lead to a lower close, so this alone is not enough to conclude that the recovery has failed. But with the hourly gain slowing from 4.37% to 0.87%, there is also not enough evidence to justify chasing at the previous hour’s pace. Trading volume is the matched transaction amount, not net inflows.
Over the same period, open interest rose from 18.6408 million AVA at 21:00 to 19.3380 million at 22:00, an increase of about 3.74%, below the previous hour’s growth rate of 8.37%. Price and OI are still rising together, so participation has not fully receded, but that does not mean all newly opened positions are long. The latest actual funding-rate settlement, at 20:00, was -0.002461%; that figure alone cannot explain this rally.
AVA is associated with Travala’s travel membership and rewards ecosystem. I have not found any recent catalyst that could independently explain this hourly move, so I am still basing my assessment on whether the price can hold its gains and whether trading volume picks up again. The most recently completed four-hour period, from 16:00 to 20:00, rose 2.04%; the 20:00–24:00 period is not yet complete, so a four-hour breakout cannot be confirmed in advance.
Next, if a completed hourly candle closes back below 0.4025, the current consolidation may be starting to give way; a drop below 0.3963 would further weaken the recovery. If the close continues to move higher and volume picks up again, the next question is whether 0.4362 can be decisively cleared and held. For now, the evidence supports the recovery continuing for one hour, but does not confirm a breakout above the previous high.