$1.04 support level drives Pendle higher by 7.00%

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Pendle surges 7.00% today to $1.07

Highlights

PENDLE remains in a clear downtrend, trading below key moving averages, signaling sustained seller dominance across all timeframes.
Momentum indicators confirm persistent bearish pressure, with weekly and daily signals aligning on a strong sell bias and oversold conditions.
Price is likely to consolidate within the $1.04–$1.11 range this week, with a bearish breakdown below $1.04 risking deeper declines.

Volatile bounce as intraday momentum diverges from overall weakness

Momentum remains weak with both MACD and ADX on D1 signaling a sell bias, while D1 RSI is near the oversold area at 31.6, and Stoch RSI along with CCI confirm deeper oversold conditions. BBP is negative, supporting continued dominance by sellers, though a 7% daily gain signals bulls regained some traction without a gap at the open. The current price is near the upper end of today’s range ($1.017 – $1.076), suggesting high volatility and a strong tone toward session highs. Intraday momentum indicators are mixed compared to higher timeframe weakness, highlighting a divergence as the short-term bounce develops against overall negative trend signals.

Sideways trading likely as technical pressure favors further declines

For the week ahead, the expected range is $1.04 to $1.11, keeping price action within around 6% of current levels and reflecting typical volatility. The probability of a further price increase is very low (less than 20%), while a decline is much more likely given persistent “sell” readings across W1 RSI, ADX, MACD, and moving averages. Baseline scenario calls for sideways consolidation between $1.04 and $1.11. A bullish break above $1.11 would challenge resistance but lacks strong technical support; a bearish move below $1.04 could open the way to further downside, particularly if buyers fail to defend this week's lower boundary.

Viktoras Karapetjanc, macro and sentiment expert at Traders Union, sees Pendle (PENDLE) wrestling with persistent bearish pressure despite today’s 7% spike. He notes that price remains capped below key moving averages and resistance, while weekly indicators and momentum suggest further downside. The analyst observes that sellers maintain dominance, but today’s surge may hint at early demand recovery. Karapetjanc remains optimistic but realistic in the near term, emphasizing the need for structural improvement before any sustained rally. "If buyers can defend $1.04 and push above $1.11, I see the potential for a shift in sentiment and a brighter outlook ahead."

Previously it was reported that Pendle was entrenched in a sustained bearish trend, with market momentum and technical signals favoring continued downside pressure. While today's sharp intraday rebound highlights short-term volatility, the overall outlook remains cautious, and traders should monitor for a decisive move outside the $1.04–$1.11 range to signal the next directional shift.

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.