🔥 Technical Analysis $PENDLE : Opportunity or Risk? 🔥

🔍 Current Trend:

✅ Ichimoku Cloud – Weak downtrend, as the cloud is less thick.

✅ Ascending Wedge – Broken, with the price seeking confirmation.

📉 Supports and Possible Movements:

🔹 Fibonacci – Testing the 0.382 level at $2.54, potentially reversing to bullish.

🔹 If it continues to fall, it may seek $2.40 (lateralization) or $2.27 (reversal).

🔹 If it loses $2.27, it may test the support at $2.00 or return to the ascending wedge.

📊 Technical Indicators:

🔻 RSI – Indicates that PENDLE may fall further.

🔻 Bollinger Bands – slight support identified at $2.44.

🔻 SMA 50/200 Moving Average – Indicate downtrend.

🔻 Selling Volume – Low, but the drop was significant.

⚠️ Conclusion: The $PENDLE is still in a downtrend, but signs of weakening of the drop may indicate a possible reversal. Stay attentive to the mentioned supports and the behavior of the indicators before making any decision. 🚀📉

🚨 Remember that any purchase at the current value of $PENDLE will already bring good results. Today's analysis provides possible trend forecasts. 🚨

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