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Cryptopolitan 2021-09-12 11:56:16

Perlin Price Analysis: PERL attempting to break resistance at $0.099 in preparation for consolidation

TL;DR Breakdown Perlin price analysis is bullish for today.PERL/USD retested the previous low today.PERL is rejecting further downside around $22. The 24-hour Perlin price prediction is indicating bullishness following an attempt by buyers to breach the 100-day simple moving average and break resistance at $0.0940. Therefore, we can remain enthusiastic that the price action of PERL/USD will rally higher and set a higher low over the next 24-hours. Cryptocurrency heat map. Source: Coin360 The overall cryptocurrency market is trading in the bullish region with market leaders BTC and ETH both gaining around 1 percent. Solana is the worst performer of the day with a 24-hour negative change of 12 percent. We are expecting the virtual assets market to post further gains as we enter a new week. Perlin price movement in the last 24 hours: PERL retests previous low above 0.08961 PERL/USD traded in a range of $0.08961 – $0.09921, indicating substantial volatility over the last 24 hours. Perlin’s total trading volume went down by 81 percent and totals $6.64 million. Meanwhile, the total market capitalization trades around $45.51 million. PERL/USD 4-hour chart: PERL to rally overnight? On the 4-hour Perlin price analysis chart, we can see PERL price action rejecting further downside as bulls prepare for another rally higher. PERL/USD 4-hour chart. Source: TradingView Perlin price action traded with strong volatility over the past w...