Pendle: persistent selling pressure accelerates decline to multi-week lows

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Pendle slides 8.25% today to $1.87

Highlights

PENDLE trades at $1.868, sharply below its MA-20 ($2.4232), MA-50 ($2.5478), and MA-200 ($3.8877), indicating sustained multi-timeframe selling pressure.
Bearish momentum dominates with both MACD and ADX confirming a strong downtrend, while RSI (32.5), Stoch RSI, and CCI highlight oversold conditions.
The baseline scenario projects PENDLE consolidating in the $1.68–$2.06 range over the next five days, with less than 20% probability of a price increase.

Bear momentum persists as technicals point to oversold risk

Momentum readings remain bearish, as both the MACD and ADX point to downward pressure and a strong selling trend. RSI (32.5), Stoch RSI, and CCI all register oversold conditions, highlighting stretched downside moves, while BBP confirms sellers dominating the intraday momentum. The Awesome Oscillator supports continued bearishness. After opening with virtually no gap (previous close $2.036, open $2.038), PENDLE slid 8.25% and sits near today’s low ($1.897 – $2.059 range), reflecting high volatility and persistent pressure post-open. Intraday performance aligns with the negative momentum, though sustained oversold signals suggest a risk of short-term rebound attempts, but with no confirmed shift yet.

Downside bias prevails amid high volatility and weak rebound odds

For the next five trading days, the expected range is $1.68 – $2.06, centered around the current price to reflect high volatility and recent downside extension. The probability of a price increase is very low (less than 20%), making further declines more likely based on persistent bearish readings across D1 and W1 momentum and trend indicators. The baseline scenario sees PENDLE consolidating in the $1.68 – $2.06 corridor. In a bullish case, a decisive break above $2.06 could trigger a rebound toward the next resistance; in a bearish scenario, a drop below $1.68 may expose new lows, with momentum favoring downside extension unless oversold conditions spark a short squeeze.

Anton Kharitonov, Traders Union expert, views the persistent selling and deep oversold readings in PENDLE as distinctly bearish. He sees no technical support and notes high volatility near local lows, with sellers firmly in control and no meaningful news to alter sentiment. Base case remains a consolidation between $1.68 and $2.06, with downside risk prevailing unless a short-term rebound emerges from oversold conditions. "As long as PENDLE stays capped below $2.06, I remain defensive and expect further weakness to dominate intraday action."

Last time, analysts noted that Pendle (PENDLE) remains in a strong bearish trend, trading well below all major moving averages with technical indicators—RSI, MACD, and oscillators—confirming seller dominance and oversold conditions. The price faces resistance at the $2.20–$2.42 range and lacks visible support, with further downside risk prevailing unless a break above resistance occurs.

Source of Data: PENDLE Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.