Pendle price prediction: Bearish setup remains as PENDLE falls below key levels

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Pendle drops 7.34% to $1.49 today

Highlights

Pendle ($) trades below major moving averages (MA-20: $1.91, MA-50: $1.96, MA-200: $3.44), signaling broad seller pressure across all timeframes.
Momentum indicators (MACD, ADX) remain bearish or neutral and oscillators signal oversold conditions (RSI: 31, Stochastic RSI fully depressed), suggesting downside bias with limited rebound evidence.
Price is expected to consolidate in the $1.44–$1.69 range next week, with key resistance at $1.89 (Ichimoku Kijun) and a close below $1.44 likely to accelerate selling.

Oversold readings build as momentum indicators confirm downside tone

Momentum remains weak, as both the MACD and ADX show bearish and neutral readings, respectively, pointing to an absence of strong trending direction and confirming downside bias. Oscillators indicate oversold conditions, with the RSI at 31, Stochastic RSI fully depressed, and CCI at strongly negative values, suggesting the asset may be due for a pause or corrective bounce but there is no bullish reversal visible yet. Intraday, sellers dominate according to Bull/Bear Power, aligning with the Awesome Oscillator’s negative reading, while today’s action saw no gap at the open but downside pressure quickly appeared, sending the price toward the low end of the intraday range ($1.448 – $1.578) with high volatility and a clear negative tone.

Further declines likely as technical signals show scant bullish support

Looking ahead to the next week, the expected price range for Pendle is adjusted to $1.44 – $1.69 to match typical volatility relative to current levels. With no buy signals present among weekly RSI, ADX, MACD, or MA-50, the probability of any sustained price increase is very low (less than 20%), making a further decline much more likely. The baseline scenario sees price consolidating between $1.44 and $1.69. A bullish scenario would require a break above the $1.89 Ichimoku Kijun resistance, potentially opening the way back to the $1.96 – $2.00 zone, while a bearish scenario would see a close below $1.44 accelerate selling toward lower supports not yet visible in the technical data.

Anton Kharitonov, expert at Traders Union, sees Pendle stuck in a clear technical downtrend. Key averages and oscillators are all aligned to the downside, with volatility remaining high and no support from recent news. He views the $1.44 – $1.69 range as the likely base case, with sellers controlling price action for now. "Until bulls reclaim $1.89, I remain cautious and see little reason to expect upside here."

Previously it was reported that Pendle remains under sustained bearish pressure, trading well below its major moving averages and with momentum indicators such as the MACD, ADX, and RSI confirming persistent downside and oversold conditions. The asset is likely to remain confined within a narrow trading range unless a move above immediate resistance is achieved, while further declines could occur if current support levels fail.

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.