⚡#PENDLE🔥🔥
● Pendle Launches Cross-Chain PT:
Pendle has launched a cross-chain PT, PT-USDe, on Avalanche, expanding the $5.8 billion DeFi fixed-income market.
● Pendle Rolls Out Autonomous Yield Agent:
Pendle has introduced an autonomous yield agent for 24/7 portfolio growth, allowing users to maximize their yields.
● 21shares Launches Pendle ETP:
21shares has launched a Pendle ETP on the SIX Swiss Exchange, indicating growing institutional recognition for Pendle.
● Yield-Bearing Stablecoins Surge:
Yield-bearing stablecoins have surged to $11 billion, with Pendle capturing 30% of the market share, driven by regulatory shifts and increasing user demand.
● Pendle Price Update:
Pendle is currently trading at $3.072, with a 24-hour trading volume of $49.8M, and a market cap of $1B.
● Bullish Sentiment:
Pendle is showing strong bullish sentiment, with a breakout above $3.60 potentially igniting momentum toward the $3.80 zone.
● Trade Setup:
Analysts suggest a trade setup with an entry zone of $3.50-$3.55, stop-loss at $3.40, and take-profit targets at $3.65, $3.75, and $4.10.
These updates indicate a positive trend for Pendle, with growing institutional recognition and increasing user demand driving its growth.
