Pendle: Loss of trend conviction drives 10.35% slump despite oversold readings

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Pendle slides 10.35% today

Highlights

PENDLE trades at $1.802, well below MA-20 ($2.3775), MA-50 ($2.5200), and MA-200 ($3.8769), confirming persistent bearish pressure across all timeframes.
Momentum indicators including MACD, ADX, RSI (27.51), Stoch RSI (0.00), and CCI (-165.17) highlight oversold conditions but no imminent rebound as selling remains dominant.
Next five sessions project a $1.60–$2.00 price range with less than 20% probability of a rebound; a break under $1.60 signals further downside risk.

Oversold conditions deepen as momentum and volatility drive downtrend

PENDLE continues to trade well below the key moving averages, with the current price at $1.802, sitting under the MA-20 ($2.3775), MA-50 ($2.5200), and MA-200 ($3.8769). This structure signals persistent short-, medium-, and long-term bearish pressure, with the nearest dynamic resistance on the daily chart at the Ichimoku Kijun level of $2.3500. Momentum remains negative with daily and weekly MACD firmly in sell mode, and ADX on the daily timeframe confirming strong trend strength, while the weekly ADX signals a loss of directional conviction. Oversold readings are pronounced across daily RSI (27.51), Stoch RSI (0.00), and CCI (-165.17), suggesting a stretched move but with no immediate rebound signal as sellers maintain dominance per BBP. The Awesome Oscillator backs the ongoing bearish trend, and today’s drop of 10.35% after a small opening gap places PENDLE near the lower end of its intraday range ($1.774 – $1.843) amid high volatility and unrelieved selling pressure after the open.

Further declines likely as volatility underpins low rebound odds

Looking ahead to the next five sessions, PENDLE’s expected price range is $1.60 – $2.00, reflecting typical volatility and the prevailing bearish momentum. The probability of a price increase is very low (less than 20%), making further declines more likely. The baseline scenario is a sideways move as the token consolidates near oversold territory. If a bullish move materializes, a close above $2.00 could trigger a test of resistance around $2.35, while a break under $1.60 would confirm a bearish continuation and could open the way to further losses in the short term.

Anton Kharitonov, expert at Traders Union, sees persistent bearish pressure on PENDLE as it trades below all key moving averages. Daily and weekly indicators confirm sellers remain in control, and the token is consolidating near deeply oversold levels. The base case is sideways movement with a bias toward further declines unless resistance at $2.00 is reclaimed. "Until PENDLE decisively breaks above $2.00, I consider the downside scenario more likely and advise a defensive stance."

Previously it was reported that Pendle (PENDLE) was trading well below its key moving averages with persistent bearish momentum, as technical indicators such as the MACD, ADX, and RSI all signaled strong selling pressure and continued downside risk. Despite strong oversold signals on multiple oscillators suggesting a potential short-term relief bounce, the asset faces significant resistance near $2.42 and remains under sustained selling pressure without immediate technical support.

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.