$PENDLE is currently testing support at $3.224 after a 24-hour decline of 2.39%. With the price nearing the lower Bollinger Band at $3.252, it indicates potential overextension but could also signal a buying opportunity if it holds. Market volatility appears to be contracting, suggesting a possible consolidation ahead. Consider placing a stop-loss slightly below $3.224 to manage risk. Traders should either wait for confirmation of support or set alerts for a break above resistance at $3.466 for a more bullish signal.

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