Selling pressure pushes Pendle price lower in today's trading

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Pendle slides 10.27% to $1.302 today

Highlights

PENDLE/USD maintains a short- to medium-term bullish structure but faces persistent long-term downward pressure after a sharp 10% daily drop.
Technical signals are mixed, with modest bullish intraday momentum overshadowed by overbought conditions and a bearish trend on higher timeframes.
Baseline expectation is range-bound trading between $1.27 and $1.36, with downside risk increasing if $1.27 support breaks.

Anton Kharitonov, expert at Traders Union, sees Pendle’s short- and medium-term structure as fragile, noting it trades below the crucial MA-200 at $2.0785. He points to mixed momentum readings and highlights that despite intraday bullish signals, the sharp 10.27% drop exposes underlying technical weakness. The absence of relevant news removes any potential for sentiment-driven recovery. He cautions that buyers lack conviction as overbought signals clash with negative price action. "Traders should prioritize risk management here, as the long-term technical outlook favors further downside."

Viktoras Karapetjanc, expert at Traders Union, believes Pendle is still fundamentally resilient above key short-term averages, despite the recent selloff. High intraday volatility offers trading opportunities — with the bullish short- and mid-term structure indicating scope for swift rebounds. The wider market still presents setups for growth. He remains optimistic that temporary weakness may clear the way for renewed buying pressure. "With the bullish structure intact and market volatility elevated, further growth is expected if buyers reclaim momentum above $1.36."

Mixed technical momentum as intraday losses deepen

Momentum shows mixed signals: the MACD is neutral on the daily chart and the Average Directional Index (ADX) suggests modest bullish momentum, but the Commodity Channel Index (CCI) and Stochastic RSI both flag overbought conditions. The Relative Strength Index (RSI) is trending higher at 63, indicating continued buying interest, and Bull/Bear Power (BBP) above zero confirms buyers remain in control intraday. The Awesome Oscillator (AO) supports the underlying positive bias. Today, the pair is down 10.27% ($1.302) after opening with a downside gap of around $0.09 and is currently trading near the daily low. Intraday volatility stands at 5.78%. There is visible pressure after the open as sellers dominated the session, creating a divergence where momentum signals are mixed relative to the day's sharply negative move.

Earlier, analysts noted that Pendle was exhibiting short- and medium-term bullish momentum while cautioning that overbought conditions could trigger a pullback. The current reversal and heightened intraday volatility introduce increased downside risk, positioning the $1.27 support as a critical level to monitor for potential trend shifts in the coming days.

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

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