$PENDLE /USDT — Trade Setup & Analysis (8 Aug 2025)
PENDLE is trading at $5.140 (+28.21%), with a strong 24h range of $3.991–$5.278 and USDT volume of $63.43M. The coin has surged after breaking key resistance at $4.65, now consolidating near intraday highs.
Analysis:
Strong bullish momentum after breakout from $4.65 zone.
Volume confirms buying pressure; short-term sentiment favors continuation toward $5.35–$5.50.
Immediate support at $5.00; loss of this level could trigger a pullback toward $4.65.
Trade Setup:
Entry: $5.05 – $5.15
Targets: $5.28 → $5.35 → $5.50
Stop-Loss: Below $4.95
Bias: Bullish above $5.00; cautious if price falls under support.