Pendle drops as downside momentum continues to pressure price action

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Pendle slides 7.86% today on pressure

Highlights

Pendle's $PENDLE token gained broader access through listing on Revolut, a regulated platform serving 20 million UK and EEA users.
Despite the new listing, the Pendle protocol's fundamentals remain unchanged, with $1.32 billion total value locked and no core utility adjustment.
Technical signals across all timeframes are strongly bearish, with persistent downward momentum and a likely trading range of $1.1490–$1.2765 for the next several days.

Wider market access as Revolut listing meets persistent sell pressure

Pendle's $PENDLE token was listed on Revolut, introducing the asset to a regulated platform serving around 20 million crypto traders in the UK and European Economic Area. This access event expands potential market participation for the token, though as classified by Revolut, it operates as a distribution event and does not alter core protocol integration or utility. The Pendle protocol continues to manage a substantial $1.32 billion in total value locked, primarily on Ethereum and Plasma networks, though price action has remained under broader selling pressure.

All major indicators signal downside as resistance levels firm

On the technical front, PENDLE/USD is trading below the MA-20 ($1.2888), MA-50 ($1.3309), and the long-term MA-200 ($1.6718) on the h1 timeframe. The Ichimoku Kijun level at $1.2805 serves as immediate resistance for any short-term upward moves. Momentum indicators are unanimously negative: the MACD and ADX both signal Sell, while RSI stands at 38.07 (Sell) and the CCI also signals Sell. Stoch RSI reads Neutral, indicating a lack of strong reversal signals, while BBP is negative and the Awesome Oscillator confirms persistent downside momentum.

Further losses probable as rebound odds stay limited

For the next two to three trading days, PENDLE/USD is expected to trade within a typical volatility band ranging from $1.1490 to $1.2765. The probability of an upward move remains very low, while a further decline is highly likely. A baseline scenario anticipates sideways trading in the stated range, with a move above $1.2805 potentially triggering a short-term rebound. Conversely, a sustained drop below $1.1490 could accelerate selling pressure and extend the prevailing downtrend.

Viktoras Karapetjanc, expert at Traders Union, notes that Pendle's listing on Revolut brings notable exposure to millions of new users and signals growing institutional interest in the protocol. He sees this distribution event as a positive step for fundamental adoption, yet cautions that it has not offset prevailing negative sentiment and technical pressure. The analyst believes the robust $1.32 billion TVL reinforces Pendle’s network value, but expects price to remain under short-term selling pressure given current technical signals. "Continued inflows and adoption are constructive for long-term prospects, but until momentum shifts, I’m watching for stability above $1.2805 as a potential bullish trigger."

Earlier, analysts noted that Pendle was experiencing persistent bearish momentum and sustained technical weakness. The continued decline and negative technical outlook, despite new exchange access via Revolut, reinforce the prevailing downside risk—traders should closely monitor for a decisive break below $1.1490 that could trigger further selling pressure.

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.