PENDLE – Analysis and Strategy Future 18/5/2025
Current price: $0.45 (updated from Binance Futures)
Technical analysis:
• The H1 frame is trending sideways, strong support around $0.43 – $0.44.
• The nearest resistance at $0.48 – $0.50.
• RSI H1 around 48, not overbought or oversold.
Trading strategy:
• Long:
• Entry: $0.44 – $0.45
• SL: $0.42 (below support)
• TP1: $0.48
• TP2: $0.50
• Short:
• Entry: $0.49 – $0.50 (resistance zone)
• SL: $0.52
• TP1: $0.46
• TP2: $0.44
Evaluation:
The PENDLE price is in an accumulation zone, may increase if it surpasses $0.48, or decrease back to support if it cannot hold $0.44. Manage risks tightly to avoid high leverage when volatility is strong.