Can new perpetual futures markets form support quickly?

[Cryptochiefprest]

 

SUI is trending today with huge activity. Meanwhile JESSEUSDT perpetual futures on BingX made a strong move up to 0.02359 before dropping to 0.01045. It now holds near 0.0125. The long wicks show buyers are trying to protect the lower levels.

The big question is whether new perpetual futures markets can build support fast. Sometimes they do, sometimes it takes longer. JESSEUSDT is still trying to establish its first stable area. The steady volume suggests the market is active enough to form support soon.

But with early markets, nothing is guaranteed. Do you think this pair can form a strong support zone soon or will volatility continue?