PENDLE is showing strong bullish momentum after breaking out from a long period of sideways consolidation. The price is currently trading at $1.523 while it pushes into higher territory following a sharp impulse move that cleared previous short-term resistance levels.
$PENDLE is now looking at a critical support zone between $1.38 – $1.42, which acted as the most recent breakout shelf. This area is the primary focus right now because staying above it would confirm that the current trend has shifted from accumulation to a sustain
If the $1.38 – $1.42 support floor holds firm, we could see a continuation toward the $1.65 – $1.70 overhead target. However, if the price fails to find buyers in this range, a retest of the $1.28 – $1.32 liquidity zone is likely before another attempt at moving higher.