Alright, fam, checking in on $PENDLE here.
Looks like we had a nice run-up, pushing past that 5.00 mark, but couldn't quite hold it. Seeing a bit of a pullback, but it's holding up pretty well around the 4.60-4.70 area for now. That could be a decent support zone if it holds.
Volume looks okay on the initial pump, a little lighter on the retrace, which is what we wanna see.
What's next? If it can consolidate here and get some buying interest, we could see another push to retest those highs. If it breaks below this current support, then we're looking at potentially heading back to the 4.40s or even lower. Keep an eye on those candles and the overall market sentiment. Always manage your risk!