DeFiSemHype

PENDLE is holding on by a thread... but is struggling to breathe.
📉 Recent drop pulled it down to $3.10, and now it's trying to recover.
Today? A slight breath, but without strength. RSI still below 45.
📏 The market is testing patience — not hope.
• DeFi remains discredited in the short term
• Pendle continues delivering, but without a hot narrative at the moment
• Low volume = low attention = camouflaged entry?

Silence in the feed ≠ weakness in the asset.
But a chart is a chart. And it demands structure.

💹 Daily Chart – PENDLE/USDT
• Current price: $3.39
• RSI(6): 42.83 → neutral zone, no entry due to exhaustion
• Volume: low — no buying traction
• EMAs:

EMA7: $3.45 (above the price)

EMA25: $3.65

EMA99: $3.68

🔻 All moving averages above the current price = selling pressure remains present
⚠️ Tried to rise, but lost strength even before touching EMA25

🟢 And the DCA, does it fit in?

No confirmed bottom

No volume to pull a real reversal

But it also hasn't lost $3.10, which is clear support

💸 DCA now only if done with cold blood and a medium-term view.
Not a point of excitement. It's a point of emotional testing.

☑️ Support at $3.10 has held
☑️ RSI does not show exhaustion
⚠️ All EMAs still act as resistance
🧯 Rejection near EMA7 shows weakness
⏳ A better entry would come with a strong candle + volume above average

PENDLE is not dead. But it also doesn't want to rush.
For those who trade structure, this is the middle of the road:
🚪 It could become an entry...
⛔️ It could become a stop.

$PENDLE
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