Pendle drops 7.39% as heavy selling pressure dominates trading

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Pendle slides 7.39% today to $1.32

Highlights

PENDLE/USD trades under key moving averages across all timeframes, reinforcing a strong downside trend for now.
Momentum and volatility indicators are predominantly bearish, with heavy selling and oversold signals dominating the current session.
Price is expected to consolidate between $1.2832 and $1.459 over the next sessions, with high probability of further downside.

Clustered sell signals as PENDLE lags key technical levels

On the hourly chart, PENDLE/USD holds below the MA-20 at $1.3846 and MA-50 at $1.4199, while remaining below the daily MA-200 at $1.5665. Immediate resistance is defined by the Ichimoku Kijun at $1.392. Technical indicators point to heavy selling pressure: MACD and ADX both register Sell signals, with momentum further confirmed by a 30.1 RSI (Sell), and Stoch RSI plus CCI both positioned in oversold territory. Bull/Bear Power (BBP) also gives a Sell reading, while the Awesome Oscillator remains Neutral and does not actively reinforce the prevailing bias.

Downside favored as range constrains near-term movement

Over the next 2 to 3 sessions, price action is anticipated to remain within a volatility band of $1.2832 to $1.459. The likelihood of an upward move is very low, with probability heavily skewed toward further downside. The baseline scenario expects PENDLE to consolidate within this corridor, though a decisive move beyond these boundaries could emerge if resistance or support levels are breached.

Anton Kharitonov, expert at Traders Union, notes that Pendle is under strong technical pressure, with price consistently below its major moving averages and key resistance levels. He points out that all primary momentum indicators favor continued selling, while support is only expected in the lower volatility band. The medium-term outlook remains defensive given the lack of positive catalysts or news. "Unless PENDLE reclaims key moving averages, I see no reason to fight the downside momentum here."

Earlier, analysts noted that Pendle’s short-term rebound above key averages was challenging the asset’s broader bearish outlook. The latest breakdown below those levels and amplified selling pressure now mark a return to downside risk, with heightened volatility making any breakout from the current consolidation range a potential inflection point for traders.

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.