$PENDLE , a DeFi yield trading protocol, is trading at $1.89 today, showing a 1.40% increase in the last 24 hours. Its market cap is $590.41 million.
News and Analysis
Arthur Hayes, a prominent crypto investor, has bought $973,000 worth of PENDLE tokens, indicating his interest in DeFi. This purchase signifies confidence in PENDLE's future potential.
Technical Analysis
PENDLE's price chart shows an upward trend, trading above the 20-day moving average. The RSI is above 50, indicating buying pressure. However, there's resistance at the $2.00 level, which needs to be broken.
Prediction
Analysts say PENDLE's price could reach $2.46 by the end of 2025, a 236.27% increase. However, this prediction is subject to market uncertainty.
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