PENDLE falls as weak momentum weighs on price

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Pendle drops 6.62% to $1.45 today

Highlights

PENDLE/USD is under strong selling pressure, trading below key moving averages in short, medium, and long-term trends.
Momentum indicators cluster in strong sell territory, with negative cues from MACD, ADX, RSI, and oscillator signals.
Projected range for the next 2–3 days is $1.4063 to $1.4997, with heightened risk of further downside if $1.4063 support breaks.

Sell momentum intensifies as key levels and indicators turn bearish

Looking at technical levels, PENDLE/USD is trading below the MA-20 at $1.5023, MA-50 at $1.5213, and MA-200 at $1.4621. The Ichimoku Kijun sits at $1.513, which serves as immediate resistance. Momentum indicators are negative: MACD and ADX both indicate a sell bias and strong downward momentum, while RSI stands at 33.5. CCI signals selling pressure, Stoch RSI is oversold, and Bull/Bear Power reflects seller dominance intraday. The Awesome Oscillator also confirms the prevailing downtrend, with price trading near session lows amidst high volatility and a minor negative gap.

Downside risk prevails as resistance hampers reversal prospects

Over the next 2–3 trading days, PENDLE is forecast to trade within a range of $1.4063 to $1.4997. There is a very low probability of significant upward moves, with a higher likelihood of continued downside. The baseline scenario anticipates consolidation within this corridor. If the price overcomes resistance at the Kijun ($1.513), a bullish reversal could develop, but a drop below support at $1.4063 may intensify the downtrend.

Viktoras Karapetjanc, expert at Traders Union, sees continued consolidation for Pendle as technical signals point to sustained selling pressure. He notes the market is lacking any positive catalysts or sentiment shifts for now. The analyst remains constructive but emphasizes watching for a recovery above resistance at $1.513. He believes traders should prepare for a possible rebound if momentum turns. "Downside remains in focus, but I’m optimistic that any break above key resistance could quickly shift sentiment."

Previously it was reported that Pendle had shifted into a technically bearish phase, with strong downside momentum dominating price action. The latest market data reinforces this negative outlook, highlighting heightened selling pressure and underscoring the importance of monitoring potential breakdowns below $1.4063 as a trigger for further weakness.

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.