PERP USDT Perpetual Protocol Technical Analysis

Perpetual Protocol logo In this Perpetual Protocol technical analysis, we will examine the current price action, trading volume, key levels and indicators for PERP-USDT. Sure, here are three sentences about Perpetual Protocol (PERP) cryptocurrency: Perpetual Protocol (PERP) is a decentralized derivatives platform that enables users to trade perpetuals with low latency and high liquidity. PERP’s innovative architecture and smart contract infrastructure provide a secure and trustless environment for traders, while its user-friendly interface makes it accessible to both experienced and novice traders. With PERP, users can trade a variety of assets, including cryptocurrencies, fiat currencies, and commodities, all within a single platform.

Perpetual Protocol Price Overview:

As of October 03, 2023, Perpetual Protocol is trading at approximately 0.60728 USDT. Let’s dive into the detailed price action for PERP-USDT:

Metric Value
Open (O) 0.62886
High (H) 0.64494
Low (L) 0.60123
Close (C) 0.60728
Volume (C) 3,112,084.13
  • Open (O): The opening price for today’s trading session was approximately 0.62886 USDT.
  • High (H): Perpetual Protocol reached a daily high of around 0.64494 USDT.
  • Low (L): The daily low for PERP-USDT was approximately 0.60123 USDT.
  • Close (C): At the time of analysis, Perpetual Protocol is trading near its daily close of 0.60728 USDT.
Metric Value
1D Change (%) -3.47%
3D Change (%) -1.78%
7D Change (%) -1.49%
30D Change (%) 39.02%
90D Change (%) 17.22%
YTD Change (%) 67.07%

Over the past three days, PERPUSDT has fallen by approximately -1.78%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -1.49%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with PERPUSDT maintaining an upward trend of approximately 39.02%, despite intermittent fluctuations. Examining the last 90 days, PERPUSDT has witnessed substantial increase of approximately 17.22%, reflecting strong long-term confidence. Year-to-date, PERPUSDT has steadily appreciated by around 67.07%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Perpetual Protocol Live Chart:

You can access a live price chart for PERP-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 2.57713.
  • Momentum score is 0.39017.

PERP USDT Technical Analysis

Perpetual Protocol Trading Volume:

The trading volume for Perpetual Protocol (PERP) over the past 24 hours has been insignificant, with approximately 3,112,084.13 USDT traded against PERP. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): PERP is currently trading above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): Perpetual Protocol is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for PERP-USDT is currently in the neutral zone, around 50.9293. This suggests that Perpetual Protocol is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Perpetual Protocol (PERP-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.