$PENDLE / USDT - Recovering After a Sharp Decline? šā”ļøā¬ļø
$PENDLE / USDT is currently trading at 3.179, down a significant -10.37% today. However, the 4-hour chart on Binance shows a sharp drop followed by a noticeable recovery attempt.
After hitting a low of 3.127, $PENDLE has bounced back and is currently trading around the 3.18 level. The 24-hour high of 3.554 indicates the extent of the recent sell-off.
Key Points:
* Current Price: 3.179 USDT
* 24h Change: -10.37%
* Recent Low: 3.127 USDT
* Bouncing back after a significant drop
* Facing strong downward pressure from the day's performance
Traders will be closely watching to see if this recovery can sustain itself or if it's just a temporary bounce. The high selling volume today suggests caution, and the 3.30 level could act as initial resistance.
What's your take on PENDLE's recent price action? Is this a potential reversal or just a dead cat bounce? Share your thoughts with caution! š
