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$PENDLE Bullish Recovery in Progress! 🚀
The price action for Pendle is looking exceptionally clean! After a successful test of the 2.05 demand zone, PENDLE is now aggressively reclaiming the 2.12–2.15 area.
This isn't just a "dead-cat bounce"—we are seeing high-conviction buying and a solid recovery structure. As long as we hold above the newly reclaimed support, the momentum points toward a major continuation. 💹
🔥 Why PENDLE is a Must-Watch:
Strong Demand Bounce: Buyers stepped in exactly where they needed to, defending the 2.05 floor.
Aggressive Reclaim: Flipping 2.15 back to support is a major bullish signal for the short term.
Institutional Interest: With whales like Arthur Hayes maintaining focus on yield derivatives, the narrative remains stronger than ever.
🎯 Trade Strategy (Long Bias)
Entry Zone: 2.08 – 2.12 (Wait for minor pullbacks)
Stop-Loss: 2.00 🛡️
Trend: Bullish (Avoid chasing green candles, buy the dips!)
Profit Targets:
✅ TP1: 2.30 (First Resistance)
✅ TP2: 2.55 (Mid-Term Target)
✅ TP3: 2.90 (Major Breakout Zone)
Written by: Nabiha Noor ✍️
Trade patiently and keep your eyes on the support levels. 🛡️
#PENDLE #YieldDeFi #BinanceSquare #CryptoSignals #DePIN2026 Don't miss the next leg up:
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