Pendle drops 8.86% as sellers dominate the short-term trend

Traders Union
All News
Crypto
Pendle slides 8.86% today to $1.348

Highlights

PENDLE/USD remains under consistent downward pressure across all timeframes, trading below major moving averages and near session lows.
Momentum indicators confirm a bearish bias, with sell signals and deep oversold readings, showing weak prospects for a near-term reversal.
The price is forecast to range between $1.2787 and $1.4173, with a high likelihood of further declines if $1.2787 support fails.

Sell signals strengthen as bearish momentum overwhelms support

On the hourly chart, PENDLE/USD is trading below both the MA-20 at $1.4386 and MA-50 at $1.4501, while also remaining under the MA-200 on the daily timeframe at $1.5974. The Ichimoku Kijun level at $1.4255 stands as immediate resistance. Momentum indicators paint a weak picture, with MACD signaling Sell and ADX reading Neutral, indicating little trend strength. The RSI is at a low 31.4 (Sell signal), and both the Stoch RSI and CCI register Oversold, highlighting deep near-term bearish conditions. Bull/Bear Power reflects seller dominance, and Awesome Oscillator confirms the negative momentum.

Downside risk rises as volatility limits recovery prospects

Over the short term, the expected price range for PENDLE is between $1.2787 and $1.4173. Given current volatility, the probability of an upward move is very low, while the likelihood of further declines is notably high. The base case scenario calls for price movement within the current sideways band, but a decisive break above $1.4255 could point to a recovery toward the upper end of the projected range. Conversely, sustained weakness below $1.2787 would expose the asset to deeper downside risk.

Viktoras Karapetjanc, expert at Traders Union, observes that PENDLE is showing persistent technical weakness, with downside momentum prevailing across all major indicators. He notes the absence of any recent news flow or sentiment triggers, suggesting that the decline is fueled strictly by market positioning and technicals. The asset is struggling below key moving averages, with oversold signals mounting and little evidence of buyer support in the near term. Short-term risk remains tilted to the downside unless PENDLE decisively reclaims $1.4255. "Given these signals, I see limited upside for now, but will reassess quickly if price regains strength above resistance."

Earlier, analysts noted persistent but cautious bullish momentum for Pendle, citing mixed technical signals and the need for vigilance around key resistance levels. The current breakdown below major moving averages with deep oversold readings marks a clear shift to bearish conditions, making sustained downside risk the dominant scenario for now.

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.