[Technical Analysis] $PENDLE

/USDT – Eyes on Breakout Levels

Current Price: $3.394 | 24H Range: $3.269 – $3.410

Exchange: BINANCE

PENDLE continues to show bullish momentum as it flirts with resistance near the $3.40 mark. With consistent volume and solid support above MA60 ($3.374), buyers are gaining confidence.

Key Technical Highlights:

Price Action: Consolidating near local high after recent uptrend

MA Support: MA(60) acting as key dynamic support ($3.374)

Volume Spike: Notable increase in 24H volume (2.63M PENDLE / 8.81M USDT)

Short-Term Targets

🎯 Target 1: $3.45 – Minor resistance from previous highs

🎯 Target 2: $3.60 – Breakout continuation if volume sustains

🎯 Target 3: $3.85 – Potential test of upper channel range

Stay cautious of a pullback toward $3.30 support zone. A break below may invalidate short-term bullish bias.

DeFi Catalysts: Aave DAO’s proposal to integrate Pendle PT tokens could be a key driver for continued interest.