$PENDLE /USDT +7.22% – Bounce from Support, But Faces Overhead Pressure
PENDLE is trading at $4.04, up +7.22%, after rebounding from a low of $3.733 and testing a 24h high of $4.047. It’s hovering just below MA(7) at $4.056, and still under MA(25) at $4.247, with MA(99) support at $3.938 holding well. This suggests a short-term bullish bounce within a mid-term consolidation range.
A clean break and hold above $4.06–$4.25 would signal strength, targeting $4.50, then $5.02–$5.12 next. If rejected, key supports to watch are $3.94 (MA99) and $3.73. MACD likely crossing up, and RSI trending higher, hinting at a developing recovery. Momentum is improving, but confirmation comes only with a break above $4.25.