$PENDLE /USDT – Binance Technical Snapshot

Trend: Bullish momentum remains strong after a breakout above $4.71 resistance. Price is consolidating near the highs, suggesting buyers still control short-term market structure.

Key Levels:

T1: $5.17 (Immediate resistance)

T2: $5.40 (Next bullish target if momentum continues)

T3: $5.80 (Extended rally target)

Support 1: $4.71 (must hold to maintain bullish bias)

Support 2: $4.40 (deeper pullback zone)

Stop Loss: Below $4.40 for swing trades to protect against false breakouts.

Indicators:

MA/EMA: Price trading well above short & medium EMAs – confirming bullish bias.

Bollinger Bands: Price hugging upper band → strong trend, possible overextension if volume fades.

MACD: Positive crossover with widening histogram – momentum accelerating.

Volume: Strong buying volume on breakout, slight reduction on consolidation (healthy).

Outlook:

As long as $4.71 holds, PENDLE is primed for a push toward $5.40+.

Watch for rejection near $5.17 with declining volume — could trigger a retest of $4.71 before next leg up.

If you want, I can prepare this in a Binance-style post format with targets, stop-loss, and market sentiment for quick sharing.

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