### **PENDLE/USDT Technical Analysis & Prediction (1-Hour Chart)**
*(As of April 5, 2025, 17:35 UTC)*
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#### **Key Data**
- **Current Price**: $3.083 (-3.41% in 1 hour)
- **Recent High**: ~$3.293
- **Recent Low**: ~$3.001 (critical support)
- **Trend**: Short-term **downtrend** (lower highs and lower lows).
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### **Observations**
1. **Price Action**:
- Sharp drop from **$3.293** to **$3.083** (~6.4% decline).
- Testing **$3.001 support** (triple-bottom visible on chart).
2. **Support & Resistance**:
- **Immediate Support**: **$3.001** (must hold to prevent further downside).
- **Next Support**: **$2.600** (psychological level).
- **Resistance**: **$3.200–$3.250** (recent rejection zone).
3. **Momentum**:
- Bearish pressure is strong (3.41% drop in 1 hour).
- No clear reversal signals yet (e.g., bullish divergence, hammer candles).
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### **Short-Term Prediction (Next 24–48 Hours)**
#### **Bearish Scenario (70% Probability)**
- If **$3.001 breaks**, expect a drop toward **$2.600**.
- High sell volume could accelerate the decline.
#### **Bullish Reversal Scenario (30% Probability)**
- If **$3.001 holds** and price reclaims **$3.200**, a rebound to **$3.250–$3.293** is possible.
- Requires strong buying volume and bullish candlestick confirmation (e.g., engulfing pattern).
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### **Trading Strategy**
1. **For Short-Term Traders**:
- **Short Entry**: Below **$3.001** (target $2.800–$2.600, stop-loss above $3.100).
- **Long Entry**: Only if price holds **$3.001** and breaks **$3.200** (target $3.293).
2. **For Swing Traders**:
- Wait for confirmation of a trend reversal (e.g., break above $3.250 with volume).
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### **Conclusion**
PENDLE is in a **short-term downtrend** with **$3.001 as make-or-break support**. A breakdown could lead to **$2.600**, while holding support may trigger a bounce. Monitor Bitcoin and overall crypto market sentiment for additional clues.