🚀 $PERP Gearing Up for a Reversal or More Sideways Action? 🔥

🔹 Current Price: $0.2765

🔹 24h Change: +3.64%

🔹 24h High: $0.2803

🔹 24h Low: $0.2542

🔹 24h Volume: 3.76M PERP — moderate liquidity

📊 Technical Highlights:

✅ EMA(7) = $0.2721 > EMA(25) = $0.2738, but < EMA(99) = $0.2793 — market in consolidation phase

✅ Strong support formed at $0.2220 – $0.2250

✅ Resistance around $0.3085 — price needs breakout to confirm bullish trend

✅ RSI(6) = 52.7, RSI(12) = 51.1, RSI(24) = 51.3 — neutral momentum, balanced between bulls & bears

✅ Recovery from $0.1882 shows accumulation signs

🎯 Take Profit Targets:

- TP1: $0.3085 ➜ Test of local resistance

- TP2: $0.3516 ➜ +27% potential

- TP3: $0.3740 ➜ Retest of major high

🛡️ Stop-Loss Suggestion: Below $0.2220 (recent support zone)

💡 Smart Reminder:

- Break above $0.280 with volume could confirm start of bullish momentum

- Failure to hold $0.270 may push price back toward $0.250 support

👉 Question for Traders:

Will $PERP finally break above $0.3085 resistance, or does the sideways consolidation continue longer? 🤔

PERP

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#perp #MarketPullback #Perpusdt