Strong Rise in PENDLE Price: Critical Resistances and Levels to Watch
PENDLE, which is among Ethereum-based projects, is attracting investors' attention with its impressive performance in recent times. Maintaining its upward trend since the lows, PENDLE stands out among the coins that have gained momentum again, especially with the end of the correction on the Ethereum (ETH) front.
Technically evaluated, PENDLE is progressing without breaking its structure. The token has successfully maintained its critical support at the $3.72 level and gained upward momentum again after realizing only limited liquidity purchases in this area.
Key Levels in the Short and Medium Term
First resistance level: $4.13
Main resistance area: $4.73
Critical liquidity level: $5.03
Although there have been previous closes above $4.73, there is significant liquidity accumulation at the $5.03 level. If this area is surpassed and maintained, PENDLE could open the door to a new upward wave.
However, the price's inability to hold at $5.03 despite reaching this level may bring about a short-term pullback risk.
