Blockchain.com Adds Perpetual Contracts to DeFi Wallet

The addition of perpetual contracts to the Blockchain.com DeFi wallet could increase trading volume in the short term and provide a modest upward price push. However, current technical indicators—RSI at 42.8, a negative MACD, and price trading below both the SMA20 and SMA50—still signal a downward trend. Consequently, the impact of the news may remain limited, and a significant price move is not expected within the next one to three days. Investors are advised to consider both the news and technical signals when managing risk. Overall, the market direction is presently neutral rather than decisively bullish or bearish.

Adding perpetual contracts to the Blockchain.com DeFi wallet could increase the use of ETH as collateral, creating a modest short‑term demand uptick. However, current technical indicators (RSI 48.7, negative MACD, SMA20 below SMA50) generally show a downward trend. Therefore, the impact may remain limited, and a significant price move within 1‑3 days is not expected.

The addition of perpetual contracts to the Blockchain.com DeFi wallet could provide an extra use case and liquidity potential for PERP. However, a recent 82% drop over the past 24 hours and the price remaining below the 20‑ and 50‑period simple moving averages indicate a still weak short‑term trend. This news may attract investor attention and trigger a modest price rebound, but a significant rally is not expected given the current technical indicators. Consequently, the market impact in the near term is likely neutral or slightly positive. Investors are advised to act in line with their risk tolerance.