Failure to reclaim recent lows accelerates Pendle decline

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Pendle slides 7.15% today to $1.35

Highlights

Pendle remains under persistent selling pressure, trading below key moving averages across all timeframes and recording a 7.15% daily decline.
Momentum indicators are strongly bearish, confirming intraday seller dominance and a lack of oversold reversal signals.
Short-term trading is expected to remain range-bound between $1.2852 and $1.4148, with a high probability of further downside if support breaks.

Downtrend momentum intensifies as resistance zones and indicators align

On the technical front, PENDLE/USD remains below the MA-20 ($1.391) and MA-50 ($1.4388) on the hourly chart, as well as the MA-200 ($1.5911) on the daily timeframe. The Ichimoku Kijun sits at $1.4155 and currently acts as immediate resistance. Momentum signals are negative, with the MACD on a Sell signal and the RSI at 38.51, accompanied by neutral ADX and bearish Stoch RSI and CCI readings. Bull/Bear Power (BBP) and the Awesome Oscillator both highlight intraday seller dominance, while volatility remains elevated following a session close near the daily low and a gap of 0.048.

Downside risk dominates as volatility band limits upside potential

Looking to the short term, PENDLE/USD is expected to remain within a $1.2852 – $1.4148 volatility band relative to current levels. Upside probability is very low, while downside risk is pronounced, making a bullish reversal in the coming sessions unlikely. A sustained move above $1.4155 would be required to trigger a bullish scenario, while a break below $1.2852 support could lead to further declines.

Anton Kharitonov, Traders Union expert, sees Pendle facing strong technical resistance with no positive news drivers to offset seller pressure. The price remains under key moving averages and momentum indicators signal weakness. He remains cautious as the downside risk outweighs the chance of a bullish reversal. "Unless PENDLE reclaims $1.4155, this is not a buy setup — I stay defensive here."

Earlier, analysts noted that Pendle had shifted decisively into bearish territory as multiple technical indicators signaled sustained downside risk. The current analysis reinforces this view, with fresh momentum readings and persistent selling pressure underscoring the importance of monitoring for a break below $1.2852 as a potential trigger for 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

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.