$PENDLE /USDT – Overextended Rally, Caution Advised
Current Price: $4.26 (+14.55%)
Category: DeFi
⚠️ Possible Pullback
$PENDLE has shown a strong rally, nearing its 24h high of $4.323, but indicators suggest it may be overextended in the short term. The price is above all major MAs, yet volume is slightly declining — a sign of weakening momentum.
Cautious Trade Setup (Short Bias):
Entry (Short): $4.26 – $4.30
TP1: $4.12
TP2: $3.98
SL: $4.36
Key Points:
Price is stretched above MA(99), which often signals temporary overbought conditions
Declining MA(5) and MA(10) volumes hint at reduced buying interest
Support zone: $3.95 – $4.00
If it fails to hold above $4.24, a short-term correction is likely
Watchlist Tag: Watch for rejection below $4.30 — potential for a quick pullback setup
