PENDLE has seen a significant increase in accumulation after dropping to a low of $1.81 on March 11. The token has been trading in an upward parallel channel, indicating a sustained uptrend. Currently, PENDLE is up by 15%, leading the market in gains. The strong buying activity suggests that the altcoin is likely to continue its upward momentum. Trading at $4.16, PENDLE has surged by 135% from its low point. The token's movement within the ascending channel shows consistent higher highs and higher lows, reflecting the buyers' control over pullbacks. Additionally, the MACD indicator and Ichimoku Cloud support a bullish outlook for PENDLE, indicating a potential price rally. However, breaking above the resistance at $4.48 is crucial for further gains towards $5.10. It is important to conduct personal research and seek professional advice before making any financial decisions. Read more AI-generated news on: https://app.chaingpt.org/news