$PENDLE /USDT – Tight Bullish Consolidation Near Resistance
Current Price: $3.367 (+0.54%)
Price is consolidating just below the recent high of $3.381, holding above all major moving averages — showing healthy bullish structure.
Trade Setup (Bullish Continuation):
Entry: $3.36 – $3.38
TP1: $3.42
TP2: $3.50
SL: $3.33
Technical Insight:
Price is supported by the 25 MA ($3.362) and 99 MA ($3.334) — forming a base for a potential breakout.
The recent small-bodied candles indicate low volatility compression, often a prelude to an impulsive move.
Watch for a breakout above $3.38–$3.39 with volume — it could unlock further upside.
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Buy and trade here $PENDLE