Technical breakdown and heavy selling

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Pendle slides 8.51% to $1.81 today

Highlights

PENDLE trades decisively below key moving averages—MA-20 ($2.0498), MA-50 ($2.0192), and MA-200 ($3.4999)—signaling persistent short-, medium-, and long-term selling pressure.
Momentum indicators remain bearish, with MACD in a sell configuration, ADX showing weak trend strength, and multiple oscillators (Stochastic RSI, CCI) registering oversold conditions.
The baseline scenario is consolidation between $1.75 and $2.10 for the coming week, as no bullish signals emerge and a breakdown below $1.75 could accelerate further declines.

Persistent negative momentum as resistance holds and buyers lag

Technically, PENDLE's nearest dynamic resistance sits at the Ichimoku Kijun ($2.0835), with no significant support level evident on current timeframes. Momentum signals remain negative — the MACD is in a sell configuration, and ADX shows weak trend strength. RSI is below mid-range but not quite in oversold territory; both the Stochastic RSI and Commodity Channel Index signal oversold conditions. Bull/Bear Power points to slight buyer interest, but sellers dominate intraday movement, as confirmed by the Awesome Oscillator’s steady bearish signal. Despite some signs of oversold conditions, overall momentum and breadth strongly favor sellers.

Consolidation expected as bullish reversal signals remain weak

In the short term, PENDLE is likely to trade between $1.75 and $2.10, which aligns with its typical volatility band relative to current levels. There is less than a 20% probability of a near-term upward reversal, as bullish signals are absent on MACD, RSI, and moving averages. The base case is a period of consolidation in the $1.75 to $2.10 range. A breakout above the Ichimoku Kijun resistance at $2.08 could trigger a test of the upper end of the range, but if price slips below $1.75, further acceleration to the downside is likely.

Anton Kharitonov, expert at Traders Union, sees sustained bearish momentum for PENDLE. The asset trades below major moving averages and shows persistent negative signals on both trend and momentum indicators. Sellers remain in control, and key support levels are lacking. "Until a clear breakout above $2.08 emerges, my outlook stays defensive and any upside is not actionable."

Previously it was reported that Pendle (PENDLE) is trading just above its short-term moving averages but remains well below its long-term MA-200, signaling short-term stabilization amid overall bearish pressure. Momentum indicators including MACD and ADX are weak and mixed, with mild oversold signals from RSI and CCI, while immediate resistance is indicated by the Ichimoku Kijun, and price action shows strong intraday gains but persistent medium-term caution.

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.