Short-term sideways outlook caps Pendle's drop below $2.02 resistance

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Pendle drops 7.00% to $1.793 today

Highlights

PENDLE experienced a sharp 7% intraday drop, reflecting significant short-term selling pressure and heightened volatility.
Momentum indicators are mixed, with daily signals diverging and failing to confirm either a clear reversal or new trend strength.
Price is expected to trade between $1.794 and $2.022 in the coming week, with downside risk prevailing unless $2.02 is reclaimed.

Mixed technical signals as momentum weakens and volatility rises

On the technical side, PENDLE’s price is currently below the SMA-20 ($1.9154), yet remains above the SMA-50 ($1.5693) and SMA-200 ($1.7248), establishing $1.5693 and $1.7248 as underlying support levels. The Ichimoku Kijun is precisely at $1.7930, offering no clear bias or magnet. Momentum data is mixed: the D1 MACD indicates a strong buy signal, and ADX affirms trend strength, but Stoch RSI is deeply oversold, CCI is negative, and the D1 RSI at 50.4 only marginally favors buyers. BBP is positive, suggesting some intraday buyer presence, yet price action shows strong downward pressure after the recent 7% drop, with PENDLE near intraday lows of $1.765 amid elevated volatility.

Downside scenario favored as key technicals undermine rebound odds

Looking ahead, the short-term volatility band for PENDLE is likely to be between $1.794 and $2.022 relative to current levels. The probability of a price increase in the coming week is considered low (below 20%), as weekly MACD, SMA-50, and RSI readings all align to the downside. The base scenario favors sideways drift within this band, with a bullish case requiring a break above $2.02 to trigger upward momentum. Conversely, a sustained move below $1.76 could open the door to further seller-driven losses.

Anton Kharitonov, expert at Traders Union, sees Pendle in a vulnerable position after the recent 7.00% decline. He notes that technicals are mixed, with downward pressure dominating despite some lingering support from longer-term averages. The probability of a strong rebound is low, and most indicators suggest a sideways to negative bias. "Until Pendle breaks above $2.02, I remain defensive and expect continued volatility within the current band," says Kharitonov.

Previously it was reported that Pendle was entering a consolidation phase with downside risks outweighing immediate upside potential. Current technical signals reinforce this cautious outlook, making the $1.76 level pivotal for traders to monitor as any sustained move below it could accelerate bearish momentum.

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.