$PENDLE /USDT – Oversold Drop or Breakdown Warning? 🚨
Current Price: $3.78 (-10.02%)
$PENDLE has taken a sharp dive from $4.35 to near support levels. This intense sell-off could attract bounce hunters — but a breakdown is also on the table.
Key Levels:
Resistance: $3.95 / $4.10 / $4.35
Support: $3.75 (critical) / $3.60
24H Range: $3.77 – $4.35
Trade Setup
2. Breakdown Short:
Entry: Below $3.75 with strong bearish volume
🎯 TP1: $3.60
🎯 TP2: $3.45
🛑 Stop Loss: $3.85
Market Insight:
A bounce is possible due to the steep hourly decline, but if $3.75 fails to hold, bears could continue dragging it lower.
Pro Tip:
Use RSI and volume on the 15m-1h to confirm divergence or continuation before entering either play.
Decision time for PENDLE – bounce incoming or another leg down? Watch closely!
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