PERP has a very beautiful chart vs BTC indicating tons of strength. PERPUSDT is also pretty good and looking ready for the next move up after this consolidation. If this one fails and there is a dip, below there is another major area to go long.
PERP has a lot going for it, especially the fact that many exchanges are getting a lot of regulatory pressure and demand KYC, which means more people will won't to transact on different blockchain using different solutions. Perpetual protocol has been doing pretty well although it has competition. It seems like the layer 2 derivatives trading is growing and that's definitely positive for this sector as a whole