$0.950 support fails to hold Pendle losing 7.10%

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Pendle drops 7.10% today to $0.981

Highlights

PENDLE remains under sustained bearish momentum, trading firmly below all key moving averages across timeframes.
Technical momentum indicators confirm oversold conditions and persistent seller dominance, with no signs of an imminent reversal.
Near-term price action is likely confined to a $0.950–$1.050 range; a breakdown below $0.950 could trigger further declines.

Bearish signals strengthen as technical indicators confirm seller control

PENDLE is trading well below the MA-20 ($1.1922), MA-50 ($1.2259), and MA-200 ($2.3384), indicating clear short-, medium-, and long-term bearish momentum with continued pressure from sellers. The Ichimoku Kijun level at $1.2135 sits above the current price of $0.981, serving as immediate resistance. Momentum signals remain bearish, with both MACD and ADX supporting the downtrend, and RSI at 34.6, CCI at -130.7, and Stoch RSI at 0.0 all confirming oversold territory. BBP is negative, reinforcing seller dominance through the session, and AO also aligns with the bearish move. The session slipped 7.10%, with no gap between previous close and open, and the price trades near the intraday low of the $0.969 – $1.058 range, highlighting high volatility and persistent downside pressure after the open. Across all metrics, intraday weakness is reinforced by broader momentum signals without notable divergence.

Further losses favored as downside risk outweighs recovery prospects

For the coming week, a normalized trading range is expected between $0.950 and $1.050. The probability of a price increase is very low (less than 20%), making a further decline much more likely in the short term. The baseline scenario suggests price action will remain sideways within this range as bears retain control. A bullish scenario would require a break above $1.2135 resistance, while a bearish scenario unfolds if support around $0.950 fails, opening the way for further downside.

Viktoras Karapetjanc, expert at Traders Union, believes Pendle continues to reflect strong bearish sentiment as sellers remain dominant across all timeframes. He notes that support at $0.950 is critical for near-term stability, but the lack of positive catalysts limits bullish prospects. The analyst sees the probability of a rebound as very low given broad momentum pressures and oversold conditions. In Karapetjanc’s words: "Unless Pendle reclaims key resistance at $1.2135, my outlook stays cautious — for now, it’s a market for patient buyers only."

Previously it was reported that Pendle was entrenched in a bearish trend, with market momentum and technical indicators favoring continued downside pressure. With the current session confirming deeper oversold conditions and heightened volatility, traders should monitor $0.950 as a critical support level, as a breakdown here could accelerate near-term 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.