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Perlin Price Analysis: PERL stuck below $0.09 resistance

ADA USD price analysiS

TL;DR Breakdown

  • Perlin price analysis is bullish for today.
  • PERL/USD retested the previous low today.
  • PERL is rejecting further downside around $0.08

The Perlin price prediction for the next 24 hours is indicating that buyers will attempt to break through the 100-day simple moving average and breach resistance at $0.0900, which would indicate bullishness. As a result, we may continue to be hopeful that PERL/USD’s price will rise further, establishing a new low over the coming

The cryptocurrency market as a whole is trading in the bullish zone, with BTC and ETH gaining approximately 3% AND 7.4%.  We expect the virtual assets market to flourish as the weekend approaches.

Perlin price movement in the last 24 hours: Perlin retests previous low

The price of PERL/USD fluctuated between $0.08406 and $0.08736 during the last 24 hours, which indicates a lot of volatility. The total trading volume fell by 81% to $6.64 million, while the overall market capitalization is around $45.51 million at the time of writing.

PERL/USD 4-hour chart: PERL to rally overnight?

On the 4-hour Perlin price chart, we may notice that the price action has rejected more downside as bulls look forward to another surge higher.

perlin price analysis
PERL/USD 4-hour chart. Source: TradingView

The price of Perlin exhibited a lot of volatility over the last week. PERL/USD could not achieve further appreciation and slid to $0.08961 after a rally to $0.10.

A lower high was established around $0.099 at the end of April, with a strong decline over the subsequent days. PERL/USD dropped more than 30% from there until support was found at $0.0920, with rejection for further downside observed throughout the next few days. The price reached back to the $0.09

The coin has continued to surge, after undergoing consolidation. The Perlin price plummeted back to the $0.09 mark in a few minutes, setting a lower low at $0.08961. As a result, we expect PERL/USD to rise higher over the next 24 hours and attempt to reach new highs over the weekend as long

Perlin Price Analysis: Conclusion 

The Perlin price analysis is bullish for the next 24 hours, with the market retesting its previous low shortly before press time and preparing to rise once more during that period. We anticipate PERL/USD to climb above the $0.990 recent high and keep rising into the weekend as long as the previous low holds true.

While waiting for Perlin to move further, read our articles on Wrapped Bitcoin, Decentralized Exchanges, as well as NFT Marketplace.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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