PERP Technical Analysis | Next Support Level at $17.88 | Cryptoknowmics

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We are here to yet again enlighten you about news and predictions from the Crypto community!! 

And today we present to you a technical analysis video on PERP Token!

Perpetual Protocol is a decentralized protocol that offers perpetual contract trading on every asset.

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The PERP token has seen a depreciation of 2.97% in the last seven days and 5.35% in the last 24 hours. Currently, the price of the PERP Token is $18.67. In the last 24 hrs, PERP traded between $7.16-$22.8 indicating major fluctuation in the last 24 hours. 

The MACD and EMA Lines are in the positive zone, suggesting a bearish crossover on the charts. 

The RSI indicator- 51.40% after facing rejection at 64.05%, indicating pressure on the selling behavior. 

Prices on the chart are falling but it might find support at $17.88. Traders can take a short position accordingly. However, if the bulls take control the prices are expected to break out of the immediate resistance level at $20.18.

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