Perpetual Protocol (PERP) and Keep Network (KEEP) Technical Analysis: Bullish Breakout

Dalmas  |  Oct 21, 2021

Perpetual Protocol and Keep Network buyers are in charge. As from the daily chart, KEEP may race back to $1.2. On the other hand, PERP is bullish above $15.

Perpetual Protocol (PERP)

The platform's liquidity pools are virtualized and determined algorithmically. PERP is the primary token.

Past Performance of PERP

The Perpetual Protocol token appears to be breaking out from a wedge. Still, amid the upthrust, PERP prices are steady and supported on the last day.

From the PERP technical analysis, buyers are in the driving seat as long as prices are above $15.

Day-Ahead and What to Expect

The PERP crypto is within a bullish breakout pattern, closing above the bull flag reading from candlestick in the daily chart.

This suggests strength which is further compounded by the failure of sellers to drive prices below $15.

A close above $20 in buy trend resumption may draw in more bulls, fueling the next leg up.

Meanwhile, the uptrend will be questionable if PERP prices drop below $15.

Perpetual Protocol Technical Analysis

Perpetual Protocol Daily Price Chart for October 21

There are a series of lower lows relative to the upper BB signaling pockets of weakness in the PERP coin.

As mentioned earlier, the uptrend is valid now that PERP/USDT prices are inside October 13 bull bar.

This is supportive of buyers from an effort-versus-results perspective.

A reversal of the past few losses above $20 may ignite demand for PERP as buyers target all-time highs at $25.

Keep Network

The protocol allows the storage of encrypted, personal data in public chains using KEEP as the central currency.

Past Performance of KEEP

The Keep Network coin is trading at around 2021 highs. Although the uptrend is defined and buyers upbeat, prices are cooling off.

The KEEP coin is up two percent on the last day.

Day-Ahead and What to Expect

Technically, KEEP token buyers are in control, trading in a bullish breakout pattern.

Presently, the primary support lies at $0.65—and thus is a critical support level. As per the KEEP technical analysis, every low may offer entries for buoyant bulls.

On the other hand, risk-averse traders can wait for a close above $1.20 to reload on pullbacks.

Keep Network Technical Analysis

Keep Network Daily Price Chart for October 21

From the daily chart, KEEP/USD is within a bullish breakout pattern.

There are lower lows relative to the upper BB, but the uptrend is valid.

As per the chart, aggressive KEEP crypto bulls may load on pullbacks above $0.65 and last week's trade range.

The immediate target for KEEP buyers is at $1.2—October 2021 highs—and later H2 2020 highs at $1.5.

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