Continued weakness near long-term levels weighs on PENDLE drop

Traders Union
All News
Crypto News
Pendle slides 9.86% today to $1.307

Highlights

PENDLE trades above its short- and medium-term trend levels but remains well below long-term resistance, signaling a limited bullish window.
Momentum indicators are mixed with emerging overbought conditions and strong intraday volatility, raising caution for further upside.
The likely trading range for the next five sessions is $1.27–$1.36, with downside favored unless $1.36 is decisively breached.

Mixed momentum and overbought signals amid heightened volatility

Momentum signals are mixed: ADX on D1 indicates moderate bullish momentum while MACD stays neutral, but RSI and CCI suggest overbought conditions are developing. Stoch RSI also flags overbought levels, signaling caution, though BBP remains positive and suggests buyers continue to dominate intraday. The Awesome Oscillator supports the underlying upward trend. Today's session shows pronounced volatility, with prices opening at $1.359 (no significant gap from the previous close of $1.45), falling sharply by 9.86%. The current price is near the session’s low of $1.296, reflecting persistent pressure after the open, and intraday volatility is high. The divergence between overbought oscillators and strong D1 momentum points to a potential short-term pause or pullback.

Further downside risk as technical weakness persists

For the coming five trading days, the expected trading range is $1.27 to $1.36. The probability of a price increase is very low (less than 20%), making a further decline more likely given strong bearish signals from W1 indicators (RSI, ADX, MACD, and moving averages all point to weakness). The baseline scenario is sideways movement in the $1.27 — $1.36 corridor. A bullish case would require a clear break above $1.36, signaling renewed buyer strength; in a bearish scenario, a drop below $1.27 would confirm accelerated downside risk.

Anton Kharitonov, expert at Traders Union, sees Pendle trading with short-term bullish momentum but facing clear resistance ahead. Mixed signals from momentum and oscillators signal caution, as overbought conditions and pronounced volatility hint at a likely pause or further decline. He believes the price is more likely to stay in a narrow range or drop below support at $1.27 than rally. "Until we see a decisive breakout above $1.36, any upside should be viewed with skepticism and tight risk control."

Earlier, analysts noted that Pendle was exhibiting short- and medium-term bullish momentum but faced the risk of an overbought pullback. The latest session underscores mounting downside pressure and heightened volatility, making the $1.27 level a crucial support to monitor for potential trend shifts in the days ahead.

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.