Polkastarter (POLS) and Perpetual Protocol (PERP) Technical Analysis: Bullish Statements

Polkastarter and Perpetual Protocol prices are up double digits week-to-date. PERP/USDT may surge to $30 while POLS/USDT bulls may retest $2.5.

Polkastarter (POLS)

The Polkadot-based platform, Polkastarter, supports the launching of cross-chain pools and auctions using POLS.

Past Performance of POLS

POLS crypto was one of the top-performing digital assets on August 17.

However, as of writing, it is down 20 percent against the USD, pulling back from yesterday’s peaks.

Even so, the POLS token is trading within a bullish breakout pattern, adding gains above July 2021 highs at $1.1.

Day-Ahead and What to Expect

The path of the least resistance is still northwards, reading from Polkastarter technical analysis in the daily chart.

In a bullish breakout pattern above $1.1, the POLS token is bottoming up.

Accordingly, POLS/USDT bulls can aim for $2.5 in the medium term in continuation and confirmation of gains of the first half of August 2021.

POLS/USDT Technical Analysis

Reading from POLS coin performance in the daily chart, the upside momentum is strong.

There might be better entries today due to the pullback, building on yesterday’s weak close of POLS.

The zone between $1.5 and $1.6 offers a cushion for POLS token buyers targeting $2.5 in the short term.

Perpetual Protocol (PERP)

The platform supports up to 10X leverage for makers and takers without relying on liquidity providers. At the center of this protocol is the PERP governance token.

Past Performance of PERP

PERP is trading at record highs at writing, down three percent against the USD.

Regardless, as PERP crypto bulls flow back, the token could surge to an all-time high, adding on gains made in the better part of July and early August.

Technically, buyers are in control, with the PERP token lift-off being with favorable trading volumes.

Day-Ahead and What to Expect

PERP technical analysis points to demand in the daily chart.

After August 17 price spikes and the bullish engulfing pattern, Perpetual Protocol token prices might rally above August highs to register a new all-time high.

$15 is a reliable support line for PERP coin buyers.

PERP/USDT Technical Analysis

The Perpetual protocol technical analysis indicates strength.

It is an opportunity for aggressive Perpetual protocol coin buyers to dig in, finding possible entries in lower time frames.

From the PERP/USDT price action in the daily chart, the uptrend is valid as long as $15 holds.

The immediate buy target is between $20 and $30—the 2.618 Fibonacci extension level of the May to June 2021 trade range.

   

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