Pendle: Bearish technicals and oversold readings drive sharp decline

Traders Union
All News
Crypto News
Pendle slides 7.27% today to $1.683

Highlights

PENDLE is trading at $1.683, notably below its 20-day ($2.0337), 50-day ($2.0082), and 200-day ($3.4884) moving averages, signaling sustained multi-term selling pressure.
Momentum indicators remain weak, with MACD issuing a Sell signal, ADX reflecting low trend strength, and both RSI and CCI confirming oversold conditions.
The short-term price range for the next five trading days is expected at $1.60–$1.85, with downside continuation favored barring a technical bounce above $1.85 towards the $2.06 resistance.

Bearish signals intensify as oversold readings and weak momentum persist

The nearest technical resistance lies at the Ichimoku Kijun level of $2.0615, with all key moving averages above the current price, confirming a bearish trend without any golden or death cross present. Momentum indicators are soft — the MACD issues a Sell signal, the ADX shows a weak trend, and both the RSI and Commodity Channel Index reflect oversold conditions; the Stochastic RSI reads 0.0, pointing to extreme selling pressure. Bull/Bear Power also signals a seller-dominated environment, while the Awesome Oscillator backs up the ongoing downward trend. Intraday volatility has been moderate, and sellers have largely controlled the session after the open.

Downside risks dominate as oversold bounce remains unlikely

In the next five trading days, PENDLE is expected to remain within a typical volatility band of $1.60 – $1.85, with downside risks prominent given bearish readings across the weekly RSI, MACD, and moving averages. The base case is for sideways movement in this range, while a bullish breakout above $1.85 could see resistance at $2.06 tested. Conversely, a move below $1.60 would open a lower trading band. Although oversold signals may allow for a brief technical bounce, continued downside momentum dominates the outlook.

Viktoras Karapetjanc, expert at Traders Union, sees PENDLE’s chart dominated by sellers with price action firmly below key moving averages. He notes persistent downside momentum and clear bearish sentiment, but highlights deep oversold signals that could attract some opportunistic buyers. The analyst believes the next days will likely see consolidation between $1.60 and $1.85, with any bullish move above $1.85 needing confirmation. In his view, oversold conditions shift the risk-reward for short-term traders. "If momentum stabilizes, even a modest bounce could offer a tactical entry for those prepared to manage risk carefully."

Previously it was reported that Pendle is experiencing persistent downward pressure, trading below all key moving averages, with technical indicators (MACD, ADX, RSI, Stochastic RSI, CCI) signaling strong seller dominance and negative momentum. Key resistance lies at the Ichimoku Kijun, with no significant support evident, and the asset is expected to consolidate within a $1.75 to $2.10 range unless a breakout or breakdown 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.