⚙️ $PENDLE /USDT — Back Above the Clouds?

Price: $4.06

Timeframe: 4H

Change: -0.37%

Sentiment: Recovering, but turbulence expected near trend MAs

🔍 Chart Breakdown:

Price bounced sharply from the ~$3.60 zone — key psychological and historical support

Now facing triple-MA cluster resistance at:

MA25: $3.80 (already cleared)

MA99: $4.04 (currently testing)

MA7: $3.97 (short-term strength holding)

Recent swing low and quick V-shaped recovery hint buy pressure at dips

🎯 Price Targets:

Target 1: $4.25 — Near-term resistance + minor order block

Target 2: $4.52 — Breakdown zone from June 11th

Target 3: $4.80 — Range high; needs volume breakout to clear

🧱 Support Levels:

$3.97 (MA7) — immediate dynamic support

$3.80 (MA25) — pivot zone

$3.60 — base of last reversal; breakdown invalidates short-term bullish case

📈 Outlook:

PENDLE is trying to reclaim higher ground after getting smashed in early June. If it holds above the MA cluster and flips $4.20 with volume, bulls could reclaim dominance. But until that happens, expect resistance + possible chop.

"Still in the arena, but hasn't won the fight yet."

⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!