$PENDLE has experienced a slight price increase of 1.445% in the last 24 hours, with trading confined between a high of 4.323 and a low of 3.91. The presence of Bollinger Bands indicates potential price consolidation, especially with the current trend trending downward. Key resistance at 4.323 remains unbroken, while support at 3.719 provides a safety net. Despite Bitcoin’s undefined influence, its overall market trend suggests cautious sentiment among traders. With inflationary concerns and regulatory scrutiny persistently hovering, a short-term trading strategy would be prudent to capitalize on volatility. Key takeaway: PENDLE’s price action demonstrates the importance of monitoring macroeconomic factors as traders navigate this choppy market landscape.
