Will Pendle break resistance as strong buying persists?

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Pendle jumps 8.52% to $1.57 today

Highlights

Pendle broke its recent downtrend, with renewed buying and consistent exchange outflows reducing available supply.
A whale transferred $1.28 million in tokens to Binance, adding short-term liquidity that could moderate gains.
Pendle is in a strong uptrend with buy signals across major indicators, trading in a $1.5175 to $1.6405 range over the next 2 to 3 days.

Exchange outflows tighten supply as sentiment shifts and whale adds liquidity

Pendle has decisively broken its recent downtrend, signaling a shift in sentiment and attracting renewed buying interest. Over the past three days, exchange netflows have shown consistent withdrawals from spot exchanges, effectively reducing the available supply and supporting upward momentum. However, according to Ambcrypto, a whale transferred $1.28 million in tokens to Binance, introducing a short-term source of liquidity that may moderate potential gains. Together, the reduction in exchange supply and the return of buyers underpin the sharp price action seen today.

Sustained buyer dominance as pendle nears technical overbought signals

On the technical front, PENDLE is trading above its MA-20 and MA-50 on the hourly chart, with price also holding well above the daily MA-200. The Ichimoku Kijun at $1.528 marks immediate support. Momentum indicators such as MACD and ADX remain in buy mode, while RSI reads 65.6, reflecting sustained buying interest and approaching overbought territory. CCI is already firmly overbought, and the Bull/Bear Power measure continues to show buyers dominating the market. Stochastic RSI is neutral, signaling some hesitation, and the Awesome Oscillator remains positive, further supporting the prevailing uptrend.

Limited downside risk as consolidation seen within defined range

Over the next two to three trading days, the anticipated trading range is $1.5175 to $1.6405, representing a typical volatility band relative to current levels. The base scenario expects price consolidation within this corridor. A bullish breakout above $1.6405 may drive accelerated gains, while a drop below $1.5175 could trigger short-term profit-taking and a test of lower support levels. The probability currently favors continued upward momentum with downside risks seen as very limited.

Anton Kharitonov, Senior Analyst at Traders Union, sees Pendle’s technical picture as structurally improved but remains skeptical about the sustainability of current gains. He notes that reduced exchange supply and a decisive trend break are clear bullish signals, yet the recent large token transfer to Binance suggests short-term selling risk has increased. The analyst’s base case expects consolidation with only limited upside for now. "Until we see a solid hold above $1.6405, my stance remains cautious and I wouldn’t add exposure here."

Earlier, analysts noted that Pendle’s outlook remained constructive amid expanded incentives and strong technical signals, despite heightened volatility. The current analysis strengthens this view with evidence of robust on-chain accumulation and renewed buying, suggesting that sustained monitoring of liquidity inflows will be key as price approaches the $1.6405 breakout threshold.

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.