Selling pressure pushes Pendle price lower in today's trading

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Pendle slips 11.17% today to $1.733

Highlights

PENDLE/USD faces pronounced short-term bearish momentum, trading below the 20-day average and experiencing an 11% drop intraday.
Medium- and long-term trend structure remains bullish with strong underlying momentum signals despite current volatility and selling pressure.
The price is expected to trade between $1.73 and $2.02 over the next five sessions, with further downside more likely unless resistance is convincingly breached.

Anton Kharitonov, expert at Traders Union, views Pendle's position below the 20-day SMA and the recent 11.17% drop as clear evidence of short-term weakness. He notes the daily price action is dominated by sellers despite mixed momentum readings and a supportive MACD. The lack of fresh news signals a deficit in external catalysts, amplifying volatility risk. Weak indicator alignment and the downside gap reinforce his defensive stance. "Given the sustained selling and technical breakdown, I see elevated risk of further declines unless buyers quickly reclaim the $1.91 level."

Viktoras Karapetjanc, expert at Traders Union, sees medium- to long-term trends for Pendle as constructive despite the pullback. The bullish structure remains intact with price still above the 200-day and 50-day SMAs. Mixed indicators suggest the market is preparing for a possible recovery within the forecast range. He is focused on opportunity if resistance near $2.02 is tested. "I view the current consolidation as a chance to position for further growth once short-term volatility eases — the setup remains attractive for the bullish scenario."

Divergence in momentum as support and resistance tighten

The nearest dynamic support level is offered by the Ichimoku Kijun at $1.7210, while resistance is likely at the 20-day SMA near $1.91. Momentum readings are mixed. The Moving Average Convergence Divergence (MACD) on the daily chart gives a strong buy signal, but the Average Directional Index (ADX) reinforces trend strength with a bullish reading, creating a divergence with the sharp intraday pullback. The Relative Strength Index (RSI) remains neutral near 54, but the Stochastic RSI is in oversold territory and the Commodity Channel Index (CCI) is neutral to slightly negative. Bull/Bear Power (BBP) indicates buyers are still dominant on the daily timeframe, yet the overall daily move is negative. The current price at $1.733 reflects a downside gap of approximately $0.12 from the open and trades near the low of the session after dropping 11.17%, with daily volatility at 8.03%. The tone intraday is one of sustained selling pressure after the open, which is inconsistent with the underlying momentum indicators and signals growing short-term volatility.

Earlier, analysts noted that Pendle was experiencing mixed technical signals alongside consolidation and limited bullish conviction. The current analysis adds a sharper focus on heightened short-term volatility and selling pressure, underscoring the importance of the $1.73 level as a key threshold for downside risk in the sessions 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

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