Selling pressure pushes Pendle price lower in today's trading

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Pendle slides 10.25% today to $1.305

Highlights

PENDLE/USD remains bearish as it trades below key moving averages with persistent selling pressure across all timeframes.
Momentum indicators—MACD and RSI—emit strong bearish signals while trend strength is weak and volatility is elevated.
The price is likely to trade between $1.2025 and $1.43 over the next five sessions, with a 75% chance of further downside.

Anton Kharitonov, expert at Traders Union, believes Pendle is suffering from clear technical weakness and hesitant sentiment. The asset is trading below all key moving averages and displays persistent bearish momentum with recent sell-offs and little sign of buyer conviction. Kharitonov notes that absent news flows add to the lack of support, exposing the token to further volatility. He also highlights the risk signaled by the strong downside gap and elevated volatility, suspecting that confidence will remain fragile while resistance at $1.3227 holds. "Without fundamental catalysts or strong sentiment, I see an elevated risk of further declines in PENDLE unless key resistance is meaningfully reclaimed," he states.

Viktoras Karapetjanc, expert at Traders Union, sees the market structure as preserving longer-term upside potential despite acute short-term pressure. He points out that the bullish 50- and 200-day moving averages signal structural resilience, suggesting the prevailing uptrend is not invalidated. Karapetjanc notes that volatility offers active traders multiple setups, especially with clear levels at $1.3227 and $1.284 for breakout moves. He emphasizes that opportunities will emerge quickly once short-term momentum stabilizes. "For investors focused on the bigger picture, the bullish structure remains intact and further growth should be expected if resistance breaks," Karapetjanc affirms.

Bearish momentum prevails amid technical misalignment and weak signals

PENDLE/USD trades below the 20-, 50-, and 200-day moving averages, indicating ongoing pressure from sellers across all major timeframes. Resistance stands at $1.3227 and the price currently holds just above near-term support at $1.284, with the Ichimoku Kijun at $1.3685 reinforcing overhead resistance. The bullish alignment of the 50- and 200-day moving averages suggests the longer-term bias remains positive, but short-term momentum is weak. The MACD registers a 'Strong Sell', ADX is a neutral 17.47, and the RSI at 45.77 gives a 'Sell' signal. CCI and BBP show buyers holding a slight edge, while the Stochastic RSI and Awesome Oscillator are both neutral. The session began with a 6.6% downside gap and volatility is elevated at 7.63%, with the pair trading near daily lows and overall momentum remaining bearish.

Earlier, analysts noted that Pendle was experiencing persistent downside momentum as technical signals overwhelmingly favored continued weakness. The current deterioration in price action, reinforced by bearish momentum and heightened volatility, suggests traders should monitor for a potential breakdown below $1.284 as a trigger for further declines toward the next support band.

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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