📊 $PENDLE /USDT Technical Setup – Price Holding, But Is Momentum Slowing🤔🔐👇
🕐 1H Chart Observations:📊
Current Price: $4.743
$PENDLE Price bounced off the 100 EMA (Yellow) at $4.598, showing near-term buyer interest.
Now testing back above the 20 EMA (Green) and 50 EMA (Blue) – mild intraday bullish recovery.
RSI: 52.13, below its signal line (58.07) – showing weak bullish momentum.
The last red candle wicked below support and was bought up fast – potential short-term demand zone around $4.60–4.65.
🕓 4H Chart Insights:
$Price is consolidating just above the 20 EMA ($4.645), a common continuation zone if bullish strength resumes.
RSI remains neutral at 55.75, slightly under the signal line (56.55) – suggesting indecision but not oversold.
Support structure is layered:
🔹 20 EMA: $4.645
🔹 50 EMA: $4.448
🔹 200 EMA: $3.999
Bullish structure intact as long as price holds above $4.44.
🔍 Strategy Insight:
Short-Term Intraday Plan (1H bias)
Bullish Above: $4.74
🎯 Target 1: $4.82
🎯 Target 2: $4.89
❌ SL: Below $4.60
Mid-Term Swing Plan (4H bias)
If price closes strongly above $4.75 on 4H, expect a retest of $5.00–$5.10.
Breakdown below $4.44 could push to $4.20 or lower – watch volume reaction there.
🧠 Market Sentiment Takeaway: Buyers are defending the short-term EMAs, but RSI divergence on both timeframes suggests slowing bullish momentum. For strong upside continuation, bulls must break and hold above $4.82 with volume.
"In trading, patience is not just a virtue – it's a strategy."
📌 This analysis is for educational purposes only. Always DYOR before investing.