Pendle is falling today: what traders are watching

Traders Union
All News
Crypto News
Pendle slides 16.81% today to $1.153

Highlights

PENDLE trades sharply below key moving averages, with the current price at $1.153 versus MA-20 at $1.8244, MA-50 at $1.9380, evidencing strong bearish trends.
Momentum indicators confirm deep oversold conditions as RSI stands at 22.98, Stoch RSI at 0.00, and the daily drop reaches 16.81%.
Next five days project PENDLE ranged between $1.2830 and $1.3530, with strong resistance at $1.7290 and further downside likely if $1.03 support breaks.

Anton Kharitonov, expert at Traders Union, sees Pendle facing entrenched bearish momentum after a severe 16.81% daily drop. He notes the price collapse below all major moving averages and highlights an absence of supporting news or sentiment triggers, worsening confidence. Kharitonov warns that technical oscillators remain deeply oversold, signaling risk of further declines. He views the current range as precarious, with downside exposure likely if support at $1.03 fails. "Given the lack of positive drivers and persistent selling, I advise caution — avoid catching falling knives at these levels."

Viktoras Karapetjanc, expert at Traders Union, acknowledges the recent volatility but sees opportunities for investors with patience. He notes that, despite a lack of news flow, extreme oversold conditions often precede sharp bounces. Karapetjanc emphasizes that current levels may attract renewed interest as technical indicators reset. He remains constructive about the medium-term structure and believes the market can offer setups even in tough conditions. "A decisive reclaim of $1.7290 could reignite bullish momentum — I see potential for recovery as sentiment shifts."

Parshwa Turakhiya, analyst, focuses on the short-term sentiment-driven setup after the sharp Pendle selloff. He observes that deeply oversold readings present a tactical opportunity for nimble traders, but stresses the persistence of downside pressure. Turakhiya points out the price is hugging intraday lows, leaving little evidence of a reversal so far. "If $1.03 gives way, further volatility is likely — yet short-term rebounds towards $1.3180 should not be ruled out on extreme oversold sentiment."

Bearish momentum intensifies as PENDLE breaches major technical supports

PENDLE is trading significantly below its key moving averages, with the current price of $1.153 well below the MA-20 at $1.8244, the MA-50 at $1.9380, and the MA-200 at $3,402.80. This configuration confirms strong bearish pressure across short-, medium-, and long-term trends, with the nearest dynamic resistance located at the Ichimoku Kijun level of $1.7290. Momentum indicators show clear bearish signals: MACD and ADX both point to selling pressure, while RSI at 22.98, Stoch RSI at 0.00, and CCI at -192.63 indicate PENDLE is in deeply oversold territory. BBP is negative, highlighting ongoing dominance by sellers, and the Awesome Oscillator further confirms the prevailing downside. The daily move shows a sharp decline of 16.81%, with a notable gap down from the previous close of $1.386 to today’s open at $1.14, and the current price sitting near the session’s low of $1.03. This reflects high intraday volatility and sustained selling pressure after the opening bell. Intraday performance matches the strong momentum signals, with no meaningful bullish divergences present.

Previously it was reported that Pendle is experiencing strong bearish momentum, trading below all major moving averages with no divergence among key oscillators, while momentum indicators such as the RSI, MACD, and ADX confirm a negative and oversold environment. Immediate support lies near the day’s low, with resistance defined by the Ichimoku Kijun, as the asset is expected to remain under downside pressure and consolidate within a defined lower range barring a breakout above resistance.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.