🚀 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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