PENDLE is holding on by a thread... but is struggling to breathe.
đ Recent drop pulled it down to $3.10, and now it's trying to recover.
Today? A slight breath, but without strength. RSI still below 45.
đ The market is testing patience â not hope.
âą DeFi remains discredited in the short term
âą Pendle continues delivering, but without a hot narrative at the moment
âą Low volume = low attention = camouflaged entry?
Silence in the feed â weakness in the asset.
But a chart is a chart. And it demands structure.
đč Daily Chart â PENDLE/USDT
âą Current price: $3.39
âą RSI(6): 42.83 â neutral zone, no entry due to exhaustion
âą Volume: low â no buying traction
âą EMAs:
EMA7: $3.45 (above the price)
EMA25: $3.65
EMA99: $3.68
đ» All moving averages above the current price = selling pressure remains present
â ïž Tried to rise, but lost strength even before touching EMA25
đą And the DCA, does it fit in?
No confirmed bottom
No volume to pull a real reversal
But it also hasn't lost $3.10, which is clear support
đž DCA now only if done with cold blood and a medium-term view.
Not a point of excitement. It's a point of emotional testing.
âïž Support at $3.10 has held
âïž RSI does not show exhaustion
â ïž All EMAs still act as resistance
𧯠Rejection near EMA7 shows weakness
âł A better entry would come with a strong candle + volume above average
PENDLE is not dead. But it also doesn't want to rush.
For those who trade structure, this is the middle of the road:
đȘ It could become an entry...
âïž It could become a stop.
