🚨 Quick Analysis – PENDLE/USDT (4H)
In the 4-hour chart, Pendle (PENDLE) shows a strong recovery after hitting the support at US$ 5,05. The price gained buying strength, broke through intermediate resistances, and reached the peak at US$ 6,28, where it encountered selling pressure.
🔎 Observing the movement, there are indications of a stair-step pattern, where the price rises, consolidates, and rises again. Additionally, the moving averages (short EMA above the long) reinforce the positive trend.
🔹 Resistances:
US$ 6,28 (recent peak)
US$ 6,50 (psychological zone of interest)
🔹 Supports:
US$ 5,80
US$ 5,53
US$ 5,05 (key support and previous low)
⚠️ Important notice: This analysis is merely a graphical study and does not constitute a recommendation to buy or sell.
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