Latest Perpetual Protocol (PERP) Price Analysis

Deep Dive

1. Exchange Delistings (Bearish Impact)

Overview: Binance delisted PERP perpetual futures on November 18, 2025, followed by OKX and Crypto.com removing PERP spot pairs in early November. These moves cut access for major exchange users, triggering sell-offs.

What this means: Delistings reduce liquidity, making it harder to trade PERP without slippage. They also signal reduced institutional confidence, prompting retail holders to exit. Historical data shows PERP fell 15% after Binance’s October 29 delisting notice.

What to look out for: Further delistings or project updates to restore exchange support.

2. Technical Weakness (Bearish Impact)

Overview: PERP trades at $0.092, below all key moving averages (7-day SMA: $0.0999, 200-day EMA: $0.256). The RSI (40.09) nears oversold territory but hasn’t triggered a reversal signal.

What this means: Sustained trading below the 200-day EMA ($0.256) confirms a long-term downtrend. The Fibonacci retracement levels suggest no strong support until $0.0727 (swing low). Weak volume (-1.73% 24h) indicates limited buying interest.

Key level: A close above $0.0999 (7-day SMA) could signal short-term relief.

3. Risk-Off Altcoin Sentiment (Mixed Impact)

Overview: Bitcoin dominance rose to 58.6%, reflecting capital rotation away from altcoins. The crypto Fear & Greed Index sits at 21 (“Extreme Fear”), dampening speculative activity.

What this means: PERP, as a mid-cap altcoin, faces amplified selling in risk-averse markets. Its 24h volume of $1.32M (-1.73%) lags behind sector leaders, exacerbating volatility.

Conclusion

PERP’s decline stems from structural challenges (exchange exits) and technical breakdowns, worsened by crypto-wide caution. While oversold conditions could spark a bounce, reclaiming key resistance levels is critical for sustained recovery.

Key watch: Can PERP hold $0.0727 (2025 low) if market sentiment deteriorates further?

Deep Dive

1. Technical Rebound (Mixed Impact)

Overview: PERP’s MACD histogram turned positive (+0.0043) for the first time since late November, signaling weakening bearish momentum. The 7-day RSI (48.39) also exited oversold territory, aligning with a bounce from the $0.0727–$0.0995 Fibonacci support zone.

What this means: Traders likely interpreted these signals as a buying opportunity, especially with PERP trading 91% below its 2024 peak. However, resistance at the 78.6% Fibonacci level ($0.0995) remains critical – a failure to break above it could renew selling pressure.

What to look out for: Sustained closes above $0.10 (200-day EMA at $0.2355) to confirm trend reversal potential.

2. Market-Wide Stabilization (Neutral Impact)

Overview: The crypto fear/greed index inched up to 27 (from 22 last week), while total market cap held steady at $3.14T (-0.78% daily).

What this means: Broader risk appetite slightly improved, allowing oversold altcoins like PERP to recover marginally. However, Bitcoin dominance (58.65%) and altcoin season index (22/100) still favor caution toward smaller caps.

3. Delisting Aftermath (Bearish Context)

Overview: Binance delisted PERP on November 12, 2025, causing a 30% price drop that month. While the 24h uptick suggests temporary stabilization, liquidity remains thin (turnover 0.217 vs. 0.3+ pre-delisting).

What this means: Reduced exchange support limits PERP’s accessibility, capping upside potential. The project now relies on DEXs like Uniswap and niche platforms, where volumes are volatile.

Conclusion

PERP’s minor rebound reflects technical traders capitalizing on oversold signals amid a fragile market calm, but structural headwinds from Binance’s delisting and weak fundamentals persist. Key watch: Can PERP hold above $0.095 if Bitcoin dominance rises further?