$PERP is currently trading at 0.2242 USDT, showing a range-bound structure.
The support level at 0.2173 USDT and resistance at 0.2381 USDT indicate tight price action.
Considering the RSI at 45.6, there’s no immediate bullish momentum.
A potential range-bound play could be viable, especially near support and resistance.
However, investors should be cautious of Bitcoin's volatility and macroeconomic factors that may impact the broader crypto landscape.
