-8.15% for Pendle as downside pressure tests $1.19 support
Pendle (PENDLE) is trading at $1.319, posting a daily decline of 8.15%. The token currently sits below its key moving averages, reflecting continued weakness in the short and longer term.
1.354
1.3910
Highlights
- PENDLE trades below major moving averages, signaling sustained bearish momentum across all timeframes.
- Multiple momentum indicators confirm a strong downtrend, with oversold conditions and persistent seller dominance.
- Expect PENDLE to consolidate between $1.19 and $1.45 over the next week, with further downside more likely than reversal.
Selling momentum intensifies as technical barriers hold
The SMA-20 ($1.7367), SMA-50 ($1.6118), and SMA-200 ($1.6862) all remain above current levels, while the Ichimoku Kijun level at $1.7525 acts as immediate resistance. Momentum signals are negative: MACD stays in sell territory, ADX confirms a strong directional move, and the Awesome Oscillator also signals selling momentum. RSI and CCI indicate oversold conditions, and the Stoch RSI signals further oversold status. BBP remains negative, highlighting prevailing seller dominance, and the session is trading near the daily low after a lack of gap at the open between the previous close ($1.436) and today's open ($1.423).
Further downside risk as volatility band narrows
Over the next five sessions, PENDLE is expected to trade within a $1.19–$1.45 volatility band relative to current levels, reflecting sustained pressure and recent volatility. Upside moves remain unlikely (probability below 20%) without a reversal and breakout above $1.45. If the price falls below $1.19, accelerated selling is likely and could drive the creation of new local lows.
Earlier, analysts noted that Pendle was experiencing persistent bearish momentum and elevated volatility. The current continuation of downside pressure reinforces these concerns, making the $1.19 mark a critical level for traders to monitor as further weakness could lead to fresh local lows.
Latest Pendle News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
