Pendle, the crypto with 85th rank on CoinMarketCap, has added 19.95% to its trading price in the past 24 hours and when writing it is exchanging hands $5.26 in the same frame it market capitalization has jumped nearly 20.68% reaching $881.36 million and trading volume exploded and reached $396.85 million with a massive pump of 280%. 

Source: TradingView (Pendle monthly trading chart)

According to the data from TradingView, Pendle price added more than 25% to its prices on August 07, 2025 trading session as it opened trading at $4.010 after hitting a high of $5.135 and facing a low of $3.983 it closed $5.020, with this sudden bullishness it has succeeded in beating its 20 day, 50 day, 100 day and 200 day exponential moving average. 

In the monthly time frame, Pendle has delivered an impressive performance with price rallying more than 30% in the last 7 days, after trading sideways for more than two weeks between $4.00 and $4.50, it staged a decisive breakout beginning on August 06, catapulting the price to the local high of $5.28.

Pendle eyeing an all-time high above $7.52

With the continued bullish momentum, Pendle now appears to be eyeing a retest of its all-time high of $7.52. If bulls manage to maintain control and the price stays above $5.00 zone, then there are higher chances of it climbing to $6.00, and higher looks increasingly possible.

Since the beginning of 2025, Pendle has undergone a significant transformation in price structure, with a sharp downtrend in the first quarter when the token was seen trading below the mark of $2.00.

Source: TradingView (YTD price chart of Pendle)

A transparent bullish transition was noted in late May this year, as PENDLE/USDT began an upward study grind, breaking through key resistance levels at $3.00- $3.50. 

Despite intermittent pullbacks, each of the dips found a higher support, mirroring strength and healthy consolidation. The convergence of the 50-day and 100-day EMAs below the trading price in June and July reflected spiking bullishness.

All technical indicators are favoring continuation with EMA ribbon (9,21,50, and 100) turned out bullish, if PENDLE maintains momentum above $5.00, a successful breach is expected, which could help it break $7.52 all-time high and establish ATH above $8.00.

In the YTD time frame, Pendle prices seem to be following a continuous path of recovery, with strong fundamental and price action and a micro uptrend possibly paving paths to beat earlier highs and mark some new highs very soon.

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