Pendle drops 7.74% as volatile trading drives price toward $1.40 support

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Pendle slides 7.74% to $1.43 today

Highlights

PENDLE is entrenched in a bearish trend, trading well below all key short- to long-term moving averages.
Negative momentum and oversold conditions reinforce ongoing seller dominance, as intraday volatility persists near session lows.
Price is expected to remain within a $1.40 to $1.58 range next week, with resistance at $1.83 and further downside likely unless support fails.

Support breaches and oversold signals reinforce bearish control

On the technical side, PENDLE is trading below the SMA-20 ($1.87), SMA-50 ($1.59), and SMA-200 ($1.71), with the Ichimoku Kijun level at $1.83 representing immediate resistance. Momentum indicators confirm prevailing weakness: the MACD remains neutral, while the ADX reads 33.95, reinforcing a strong sell trend. Oscillators show oversold conditions, with RSI at 38.03, CCI registering -242.26, and a zero-value Stoch RSI. Bearish dominance is further supported by a negative BBP. The Awesome Oscillator remains neutral, and price action has been highly volatile, opening lower and closing near the day’s lows, with no positive divergence observed across indicators.

Sideways trading zone likely as bullish triggers remain absent

Over the next week, PENDLE is expected to trade within a typical volatility band of $1.40 to $1.58, roughly in line with current conditions. The likelihood of a sustained price increase is low, remaining below 20%, as sell signals persist across multiple weekly technical indicators. The most probable scenario calls for the asset to remain in a sideways channel between $1.40 and $1.58. A break above $1.83 would be required for a bullish setup, while a drop beneath $1.40 could prompt further downside extension.

Viktoras Karapetjanc, expert at Traders Union, sees persistent bearish pressure on Pendle, with the price stuck below major moving averages. He believes current technical signals point to continued weakness and expects the sideways range between $1.40 and $1.58 to hold in the near term. The analyst notes that a break above $1.83 is needed to reignite bullish interest. 'With bearish momentum still strong, I see limited upside until sentiment or price action turns decisively positive,' says Karapetjanc.

Earlier, analysts noted that Pendle exhibited persistent downside momentum as sellers dominated and technical signals pointed to oversold conditions. The latest market action reinforces this bearish narrative, and with volatility elevated and support under pressure, traders should closely monitor the $1.40 level for signs of either stabilization or a further breakdown.

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.