Pendle rises nearly 12% as on-chain launch of $2.5B Partners Group fund expands tokenized real-world assets
Pendle (PENDLE) surged 11.91% after launching an on-chain version of Partners Group’s $2.5 billion Next Generation Infrastructure Fund, expanding access to tokenized real-world assets on its platform. The move remains limited as the token continues to trade below its short- and medium-term moving averages, signaling ongoing resistance despite the rally.
Highlights
- Pendle has added Partners Group’s $2.5 billion Next Generation Infrastructure Fund to its DeFi platform via Asseto Finance.
- This integration enables on-chain access to institutional-grade infrastructure yields with the ability to split, trade, and lock in returns from power and data assets.
- PENDLE/USD trades below key moving averages with mixed momentum signals, expected to remain in a $1.605 to $2.0985 range with 78% probability of a downward move.
Real-world asset inflows expand as on-chain access widens
Pendle has integrated Partners Group’s Next Generation Infrastructure Fund, valued at approximately $2.5 billion, onto its DeFi platform through a partnership with Asseto Finance. This allows users to split, trade, and lock in returns from a portfolio including power generation and data center assets. The addition further broadens Pendle's real-world asset offerings and enables user access to institutional-grade infrastructure yields directly on-chain.
Downside momentum persists as short-term averages converge with support
PENDLE/USD is trading below its 20-day and 50-day moving averages at $2.0342 and $2.2443, but remains above the 200-day at $1.7148. This setup points to ongoing short- and medium-term pressure from sellers, with longer-term trend structure still technically bullish. The nearest support is at $1.834, and resistance is at $1.898. Momentum readings remain under pressure: the MACD and Average Directional Index (ADX) indicate a selling bias. RSI stands at 34.32 with a 'Sell' outlook, raising the risk of oversold conditions. The Commodity Channel Index (CCI) confirms this with a strong oversold signal, while Stochastic RSI is flashing a 'Strong Buy' and turning up. Intraday action is dominated by sellers according to Bull/Bear Power (BBP) at -0.1648. The Awesome Oscillator supports the downside view. Despite these mixed signals, the price has jumped sharply, with action clustered near today's high of $1.898 amid 3.49% intraday volatility.
Earlier, analysts noted that Pendle's integration of institutional-grade assets and improved price action signaled a shift toward bullish momentum. The current analysis adds a new dimension by highlighting mounting short- and medium-term selling pressure, with attention now focused on whether PENDLE can sustain support at $1.834 to avoid a deeper retracement.