$PERP confirming a strong base breakout 📈
$PERP has resolved a multi-week accumulation range between $0.0150–$0.0250, validating a clear base breakout structure. The impulsive move pushed price to $0.0395 before pulling back toward the $0.033 zone — a technically healthy retracement after vertical expansion.
📊 Market structure insight:
• Multi-week accumulation successfully broken
• RSI reached 72 — strong buying pressure but short-term overextended
• Pullback appears constructive as market resets momentum
• Bullish bias remains intact while $0.0250 holds as support
📈 Key levels to watch
• $0.0300 pivot — holding this level favors continuation
• Upside targets: Retest $0.0395 → next psychological resistance at $0.0500
• Bearish signal: Loss of $0.0300 could expose a deeper move toward $0.0250
• RSI falling below 60 would confirm momentum cooling
Healthy consolidation above support could set the stage for another expansion leg.
#PERP #CryptoTrading #TechnicalAnalysis #AltcoinSeason #Binance