PERP +139.83% in 24 Hours Amid Sharp Short-Term Volatility

On SEP 8 2025, PERP surged by 139.83% within 24 hours to reach $0.2561, marking one of the most significant intraday gains in recent market history. However, this sharp rise followed a steep correction in the preceding week, with the token falling by 335.11% over seven days. The broader context of PERP’s price movement reveals a deeply bearish trend, with the price down by 426.25% in the last month and an astonishing 6757.79% year-to-date. The recent jump appears to reflect a short-term reversal rather than a sustained recovery in buyer sentiment.

The rapid 24-hour rally was driven by a combination of arbitrage activity and speculative buying in over-the-counter markets. While the volume behind the move remains undisclosed, the pattern of price action suggests a high degree of retail participation and low institutional influence. Traders noted that the move closely mirrored a similar pattern observed during the token’s previous attempt to break out of a multi-month trading range in late August.

Technical indicators show PERP is currently operating in a bearish trend with no immediate signs of a reversal. The 50-day and 200-day moving averages remain in a steep downtrend, and the RSI has yet to stabilize above the 30 threshold, signaling continued oversold conditions. The recent 24-hour spike pushed the RSI briefly into neutral territory, but the momentum failed to carry through into the broader timeframe. Analysts project that unless PERP can close above the $0.30 psychological level for multiple consecutive sessions, the downward trend is likely to resume.