<em><strong>Perpetual Protocol prices are stable and bullish in the short term. From the daily chart, PERP crypto buyers have a change as long as the coin trends above last week's lows.</strong></em>
<h2>Past Performance of Perpetual Protocol</h2>
Like the rest of the cryptocurrency market, the <a href="https://www.cryptoknowmics.com/news/perpetual-protocol-perp-and-ox-protocol-zrx-technical-analysis-prices-in-range/" target="_blank" rel="noopener">Perpetual Protocol</a> coin has been under immense pressure. As an illustration, the PERP token is down 97 percent from all-time highs. Considering the PERP candlestick formation, buyers are not yet out of the woods at spot rates. Currently, the PERP coin is stable on the last trading day with flashes of green judging from the recent performance.
<h2>Perpetual Protocol Technical Analysis</h2>
<a href="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/07/Perpetual-Protocol-PERP-Daily-Chart-for-July-6.png"><img class="alignnone size-full wp-image-242146" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/07/Perpetual-Protocol-PERP-Daily-Chart-for-July-6.png" alt="Perpetual Protocol PERP Daily Chart for July 6" width="1366" height="768" /></a>

Despite encouraging gains of June 22, there has been no solid formation to indicate strength. Accordingly, risk-averse Perpetual Protocol buyers may wait for a clear trend definition and, ideally, a follow-through above $0.83 before ramping up. Nonetheless, since PERP coin prices are still within the June 22 trade range, traders may load the dips above $0.58 or last week's lows. Their immediate targets will be $0.83 and later $1. In such a move, PERP will be bottoming up, shaking off aggressive bears.
<h2>What to Expect from PERP?</h2>
As aforementioned, the PERP technical analysis shows sellers are firmly in control and within a rising wedge. A break above $0.83 and the rising wedge would signal a shift in trend, a possible foundation for the next leg up towards $1.

Perpetual Protocol Technical Analysis: Will PERP Hold Above $0.58?

Perpetual Protocol Technical Analysis shows prices are bullish in the short term as the coin trends above last week's lows.

Dalmas has been passionate about the blockchain and crypto space ever since he’s heard about it. As someone who’s been closely following the trends in the crypto space, Dalmas is excited about what lies ahead in this niche and is all set to explore it. While he’s been advocating crypto adoption for a number of years, he’s himself a HODLer, which makes his voice authoritative and credible.

Perpetual Protocol Technical Analysis: Will PERP Hold Above $0.58?

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