🚀 Current Price: $0.8409 (+5.71%)

$PERP has been on the rise with a 5.71% increase in the last 24 hours, showing strong bullish momentum! Let’s dive into the key levels and what to watch for in the next potential moves.

Key Levels to Watch:

24h High: $0.8454

24h Low: $0.7021

Support: $0.7594, $0.7021

Resistance: $0.8454, $0.8923

Volume Insight:

24h PERP Volume: 4.22M

24h USDT Volume: 3.28M

A strong trading volume indicates high market participation, with more buyers entering the market. This bodes well for the continuation of the current trend.

Technical Breakdown:

$PERP has been steadily climbing and is testing resistance near $0.8454. A successful breakout above this level could target the next resistance zone at $0.8923. If a pullback occurs, look for strong support at $0.7594 and $0.7021, which could offer good entry points for potential long trades.

Trade Strategy:

1. Bullish Scenario: Watch for a breakout above $0.8454 — this could trigger further buying pressure, with $0.8923 as the next target.

2. Bearish Scenario: A dip below $0.7594 may indicate a potential retracement, where $0.7021 would be the next major support to monitor.

Conclusion:

$PERP is showing solid strength, and the bullish momentum could continue if resistance at $0.8454 is broken. With strong support levels below, it’s an exciting time to trade this pair.

Happy Trading! 📈

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