Pendle’s TVL Hits $8.31B as Price Eyes Breakout
#Pendle ’s total value locked (TVL) has surged to $8.31 billion, tripling since April and overtaking the combined TVL of Sui, Aptos, and Sei. This rapid climb highlights the protocol’s rising dominance in DeFi yield markets and its growing adoption across multiple chains.
On the technical side, is trading at $5.67, just below mid-range resistance ($5.73 → $7.11). The key support remains at $3.54-$4 AND VOLUME IS STRONG. $PENDLE is currently inside a high-volatility zone where historical moves have been explosive.
If $PE$PENDLE aks above $5.73 → $7.11, the path toward new highs becomes wide open, with momentum traders likely stepping in for an aggressive push. A clean breakout could also signal the start of a fresh macro leg, supported by the fundamental strength reflected in its surging TVL.
I am following $PENDLE closely. A breakout here could mark one of the strongest upside moves in the sector, especially with fundamentals and chart structure aligning
#DeFiGetsGraded #CPIWatch #BTCOvertakesAmazon #BTCReclaims120K .
On the technical side, is trading at $5.67, just below mid-range resistance ($5.73 → $7.11). The key support remains at $3.54-$4 AND VOLUME IS STRONG. $PENDLE is currently inside a high-volatility zone where historical moves have been explosive.
If $PE$PENDLE aks above $5.73 → $7.11, the path toward new highs becomes wide open, with momentum traders likely stepping in for an aggressive push. A clean breakout could also signal the start of a fresh macro leg, supported by the fundamental strength reflected in its surging TVL.
I am following $PENDLE closely. A breakout here could mark one of the strongest upside moves in the sector, especially with fundamentals and chart structure aligning
#DeFiGetsGraded #CPIWatch #BTCOvertakesAmazon #BTCReclaims120K .
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
PENDLE
5.267
-0.35%