Binance Delisting News Triggers Mixed Reactions: FLM Surges While KDA and PERP Decline
Binance Delisting Announcement: Binance will delist Flamingo (FLM), Kadena (KDA), and Perpetual Protocol (PERP) on November 12, 2025, leading to varied market reactions, including a surprising rally for Flamingo, which surged nearly 20% despite typical selloff patterns for delisted tokens.
Market Manipulation Concerns: The unusual price movement of Flamingo has raised suspicions of market manipulation, echoing past incidents like the ALPACA case, where tokens experienced significant price spikes followed by sharp declines, prompting analysts to question the integrity of trading activities during delisting events.
Trading and Withdrawal Timeline: Spot trading for the affected tokens will cease on November 12, with deposits ending the following day and withdrawals available until January 12, 2026. This timeline aims to minimize disruption for users while allowing them to transfer assets to other platforms.
Regulatory and Compliance Pressures: The delisting reflects increasing regulatory scrutiny on smaller cryptocurrency projects, as Binance's stringent review process aims to mitigate risks associated with tokens that fail to meet development, liquidity, and security standards, impacting the broader cryptocurrency ecosystem.
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Technical Analysis for PERP
Technical Sentiment Analysis for Perpetual Protocol (PERP) As of , Perpetual Protocol (PERP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for PERP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, PERP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Perpetual Protocol (PERP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00503 | 0.014 | 0.0201 | 0.0291 | 0.0352 | 0.0442 | 0.0503 |
| Fibonacci | 0.014 | 0.0197 | 0.0233 | 0.0291 | 0.0348 | 0.0384 | 0.0442 |
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