Pendle: renewed whale interest and technical rebound spark 7.38% daily rise

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Pendle surges 7.38% today to $1.789

Highlights

Arthur Hayes, BitMEX co-founder, purchased 137,117 Pendle tokens valued at approximately $259,000 by reallocating Ethereum holdings on Binance.
This move mirrors a broader trend of crypto whales shifting capital into DeFi tokens like Pendle as Ethereum and other major assets consolidate.
Despite recent sector-wide declines, active investor activity underscores sustained market interest in Pendle.

Whale capital rotation into Pendle as major assets consolidate

Arthur Hayes, co-founder of BitMEX, recently purchased 137,117 Pendle tokens valued at approximately $259,000 by reallocating some of his Ethereum holdings on Binance. This movement reflects a broader trend among crypto whales shifting capital into DeFi tokens like Pendle as major assets enter consolidation. Ongoing investor activity highlights sustained interest in Pendle despite recent declines sector-wide.

Short-term volatility emerges amid oversold signals and bearish momentum

Momentum indicators on the daily chart show a bearish setup: MACD and ADX both signal selling pressure. RSI sits at 32.26 and CCI is at –109.68, both flagging the market as approaching oversold territory, while Stochastic RSI offers a strong buy but BBP remains negative, confirming that sellers still dominate intraday. Today’s price is up 7.38%, with a daily gain of $0.123 — there was a moderate gap up from yesterday’s close ($1.666) to today’s open ($1.75) and the current price is pressing the top of today’s range ($1.735 — $1.789), hinting at high short-term volatility and a sustained tone of strength toward the highs. A divergence between oversold oscillator readings and negative momentum indicators suggests short-term buyers are emerging but remain outweighed by broader bearish dynamics.

Limited rebound prospects as weekly indicators favor extended weakness

For the coming week, the expected trading range is adjusted to $1.61 — $1.97 to reflect recent price action and typical volatility. The probability of price increase is very low (less than 20%), making further downside more likely in the short term given that all key weekly momentum and trend indicators (MACD, MA-50, RSI, ADX) project continued weakness. Baseline scenario: PENDLE consolidates sideways within the $1.61 — $1.97 corridor. In the bullish scenario, a firm break above $1.97 could open a path to $2.22, but this requires a fundamental momentum shift; if $1.61 fails to hold, sharper declines toward new lows may develop unless oversold readings trigger a technical rebound.

Anton Kharitonov, analyst at Traders Union, notes that Pendle remains in a persistent downtrend across all major timeframes. He sees ongoing whale interest as a small positive, but technical and sentiment signals point to continued weakness. Short-term rebounds are possible due to oversold conditions, but these appear limited for now. "Base case remains sideways between $1.61 — $1.97, and until $1.97 is reclaimed convincingly, downside risks dominate."

Last time, analysts noted that Pendle was trading well below all major moving averages, with strong bearish momentum confirmed by MACD, ADX, and deeply oversold RSI, Stoch RSI, and CCI levels. The nearest resistance is defined by the Ichimoku Kijun line, while intraday volatility and dominance by sellers suggest further downside risks and limited short-term rebound potential.

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.