🚨 $PENDLE /USDT – Selling pressure near 5.50, watch support at 5.40 🔍
The price failed to hold gains above 5.50 and is now heading to test support at 5.40. High trading volume indicates strong interest, but momentum needs confirmation 📉
📥 Entry zone: 5.40 – 5.42
🛑 Stop loss: Below 5.38
🎯 Target 1: 5.46
🎯 Target 2: 5.50
📊 Technical outlook:
• A break below 5.38 could push the price towards 5.30
• A sustained breakout above 5.50 may open the way towards 5.88 then 6.00 according to recent market analysis
• Whales have pumped over 2.6 million dollars into PENDLE in the last 24 hours, reflecting strong confidence in the upward trend
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