Pendle is falling today: what traders are watching (January 25)

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Pendle Slides 10.20% Today

Highlights

PENDLE is trading at $1.823, below the MA-20 ($2.1208), MA-50 ($2.0647), and MA-200 ($3.5492), signaling persistent selling pressure across all timeframes.
MACD remains bearish and the ADX indicates weak trend strength, while most momentum and oscillator readings continue to confirm downside risk with only slight oversold stabilization.
Key levels to watch are resistance at $2.0835 (Kijun) and support at $1.6660, with a projected five-day range of $1.6660 to $1.8280 and less than 20% probability of price increase.

Anton Kharitonov, expert at Traders Union, sees clear technical and sentiment pressure on Pendle as price holds below all prominent moving averages and momentum readings remain weak. He notes the sharp 10.20% daily drop, highlighting ongoing selling activity and absence of supporting news to reverse sentiment. Kharitonov points out continued dominance by bears, particularly as key oscillators remain negative and there is no catalyst from news to reignite demand. He cautions that the probability of a rebound is slim while the risk of further downside persists. "Buyers lack conviction, and unless $2.0835 is reclaimed decisively, the downtrend is unlikely to reverse in the short term," Kharitonov concludes.

Viktoras Karapetjanc, expert at Traders Union, believes the market offers constructive setups despite the recent drop in Pendle. He sees the current price action as an opportunity for positioning, as major support at $1.6660 could attract buyers. Karapetjanc highlights that consolidation near oversold conditions often precedes renewed upward momentum, with volatility bands providing favorable risk parameters. "Bullish structure can quickly re-emerge if $2.0835 is crossed — the market offers multiple setups for agile participants," he notes.

Momentum deterioration reinforces risk as oversold readings persist

The nearest dynamic resistance is at the Ichimoku Kijun level ($2.0835), while support will likely be tested near the lower end of today's range. Momentum signals remain negative, with the MACD showing a bearish outlook and the ADX indicating subdued trend strength. RSI (46.28), Stoch RSI (33.67), and CCI (–83.21) all lean toward oversold territory, but there is no indication of a technical reversal yet. Bull/Bear Power favors sellers, reinforcing the intraday downward move. Most momentum metrics and oscillators confirm continued weakness, although some oversold readings hint at possible stabilization.

Previously it was reported that Pendle is trading below key short-, medium-, and long-term moving averages with momentum indicators including MACD, RSI, and CCI supporting a bearish outlook and pointing to ongoing seller dominance amid heightened volatility. Immediate resistance is noted at the Ichimoku Kijun line near $2.08, with limited upside expected unless this level is cleared, while the probability favors continued consolidation or further declines within the established volatility range.

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

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