🚀 Analysis and forecast for $PENDLE : is it time to exit? 📈
As of May 20, 2025, 21:20 EEST, the price of $PENDLE on Binance is $4.423, with a 9% increase over the last 24 hours. The trading volume for the day is approximately $87.54M, and the market capitalization is $811.23M, reflecting interest in this DeFi token. The rise may be related to activity in the Ethereum sector and news of integration with projects such as USUAL on Binance Launchpool.
Technically, $PENDLE it demonstrates a bullish trend. On the 4-hour chart, the price is trading above the 50-day moving average ($4.20), which acts as support, and the RSI (14) at 68 indicates proximity to overbought conditions. Key levels: support — $4.20, resistance — $4.80. A breakout above $4.80 could push the price to $5.10, but a decline below $4.20 would increase pressure toward $3.90. Posts on X also indicate a bullish sentiment, with targets of $4.90–$5.10.
Forecast: in the short term (by the end of May), PENDLE may reach $5.00 if the current momentum is maintained, but a correction to $4.20 is possible due to overbought conditions. By July 2025, the price could rise to $6.00 if the market remains bullish. The long-term target for 2026 is $12.38, according to CoinCodex.
Is it time to exit? After a 9% rise and the current price of $4.43, taking some profits is justified, especially considering the RSI. Set a stop-loss at $4.15 for protection. For long-term investors, holding with a target of $5.00–$5.10 makes sense, but keep an eye on resistance levels and news. #PENDLE #Binance #CryptoAnalysis
