Pendle slides as oversold readings and resistance cap any rebound

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Pendle slides 7.72% to $1.123 today

Highlights

Pendle ($) trades sharply below key moving averages, with the current price of $1.123 well under MA-20 ($1.7021), MA-50 ($1.8995), and MA-200 ($3.3514), signaling sustained downtrend.
Bearish momentum dominates as MACD, ADX (24.46), and RSI (26.60) all indicate strong sell signals, with additional confirmation from Stochastic RSI, CCI, Bull/Bear Power, and the Awesome Oscillator.
The immediate trading range is projected at $1.08–$1.17; further downside is likely unless $1.17 is reclaimed, while a break below $1.08 risks fresh weekly lows.

Bearish momentum persists as oversold signals intensify

Momentum signals remain negative, as the MACD shows a strong sell reading and the ADX at 24.46 underscores moderate but clear downside direction. The Relative Strength Index is in sell territory at 26.60, while Stochastic RSI and Commodity Channel Index both indicate oversold conditions, suggesting that sellers have dominated the recent price action. The Bull/Bear Power reinforces seller dominance and, with the Awesome Oscillator aligned to the downside, the daily move confirms pronounced bearish momentum. There was no significant gap between the prior close ($1.217) and today’s open ($1.167), but the price slipped 7.72% on the session and now sits near the low end of today’s trading range ($1.136–$1.17), highlighting high intraday volatility and continuous pressure following the open.

Sideways range expected as further downside risk dominates

Looking ahead, over the next five trading days, the expected range is $1.08 to $1.17, normalized to stay consistent with typical volatility relative to current levels. The probability of a price increase is very low (less than 20%), while a further decline is much more likely, as all weekly indicators (moving average, RSI, MACD) point to sell signals. The baseline scenario is sideways consolidation between support at $1.08 and resistance at $1.17. In a bullish turn, overcoming $1.17 could trigger a rebound toward higher resistance, but such upside is unlikely under current momentum. In the bearish scenario, a breakdown below $1.08 would open the way to new lows for the week.

Viktoras Karapetjanc, expert at Traders Union, believes Pendle is facing clear negative sentiment with sellers dominating the action. He sees persistent bearish momentum and little hope for a recovery while price remains under $1.17. Consolidation in the $1.08–$1.17 range seems probable in the short term. Any upside attempt is likely to meet strong resistance. "If price can reclaim $1.17, I would watch for bullish momentum to return, but right now the bears are firmly in control."

Last time, analysts noted that Pendle is experiencing sustained bearish momentum, trading well below all major moving averages with technical indicators, including RSI and MACD, confirming oversold conditions and continued seller dominance. With key resistance at the Ichimoku Kijun and limited support beneath current levels, the asset is expected to remain range-bound as oversold signals moderate the risk of further sharp declines.

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.