Why is Pendle price down today?

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Pendle slides 11.61% today to $1.218

Highlights

Pendle's $PENDLE token was listed on Revolut, expanding access to around 20 million UK and EEA crypto traders.
The Pendle protocol holds $1.32 billion in total value locked, mainly on Ethereum and its Plasma product, but faces ongoing selling pressure.
$PENDLE trades well below major technical levels with momentum and volatility indicators confirming a strong bearish trend and a projected range of $1.05 to $1.47 over the next five sessions.

Improved token access via Revolut listing overshadowed by selling pressure

Pendle's $PENDLE token was recently listed on Revolut, allowing approximately 20 million crypto traders in the UK and European Economic Area to access the token via the fintech app. This was a distribution listing rather than a full protocol integration. As of now, the Pendle protocol holds $1.32 billion in total value locked, with the majority deployed on Ethereum and substantial activity on Plasma, while its fixed-yield mechanics remain available through the platform's front end, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, finds Pendle’s technical picture decidedly negative. He points to the asset’s steep drop below all moving averages and confirms that bearish momentum has only gained strength. News of the Revolut listing has not translated into meaningful demand or reversal power, highlighting lack of real institutional or retail conviction. Momentum oscillators and selling volume show unrelenting pressure with no bullish divergence. "For now, rebound scenarios look weak — traders should treat further declines as the primary risk while this structure persists."

Viktoras Karapetjanc, expert at Traders Union, highlights positive structural shifts for Pendle despite current weakness. He notes the recent listing on Revolut expands $PENDLE’s access to millions of European users — a key step for adoption. The protocol’s total value locked above $1.3 billion and strong plasma activity underline fundamental traction. While short-term price action is under pressure, Karapetjanc says the broader adoption narrative opens up medium-term upside opportunities. "This market offers attractive setups — with growing access, bullish structure remains intact for patient investors."

Parshwa Turakhiya, analyst, sees strong short-term bearish sentiment shaping Pendle’s market. Stretched oversold readings on the RSI and CCI hint at possible snapback rallies, even as sellers control the intraday flow. He notes that intraday volatility and wide trading bands offer tactical setup potential, though upside conviction is lacking without a break above $1.47. "Aggressive traders may scout for sharp, sentiment-driven moves, but capital protection remains the priority in this environment."

Bearish momentum intensifies with oversold readings across all indicators

Momentum indicators confirm a bearish environment: both the MACD and Average Directional Index (ADX) project a sell signal, with the MACD negative and the ADX at 27.7 indicating a strengthening downtrend. The Relative Strength Index (RSI) at 35.8 and Commodity Channel Index (CCI) at -107.5 both suggest oversold conditions, and the Stochastic RSI is deeply oversold at 6.5. Bull/Bear Power (BBP) is negative at -0.0957, clearly denoting sellers in control intraday. The Awesome Oscillator (AO) also supports a bearish view. The pair is down 11.61% today with a downside gap of around $0.058, and trades in the lower part of the day’s range amid 14.22% intraday volatility. Price action points to continued intraday pressure, and the broad alignment of oscillators and momentum indicators confirms the negative tone.

Earlier, analysts noted that Pendle was experiencing persistent bearish momentum and sustained technical weakness despite increased market access. New data from the current trading session reinforces this negative outlook, with pronounced downside risks making a break below $1.05 the key level to watch for potential further declines.

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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