🚀 PENDLE/USDT – consolidation before a breakout?
The Pendle coin has shown rapid growth from 3.755 → 5.997, after which it has been trading in a narrow range of 5.32 – 5.61 for several days. Such accumulation often precedes a strong movement.
📊 Key levels:
Support: 5.32
Resistance: 5.61
📈 Possible targets on a breakout upwards:
Target 1: 6.00 (+9.7%)
Target 2: 6.40 (+17.1%)
Target 3: 7.00 (+28.1%)
📉 Possible targets on a breakout downwards:
Support 1: 5.00 (–8.5%)
Support 2: 4.62 (–15.5%)
Support 3: 4.13 (–24.6%)
⚡️ The trend remains bullish for now, but the market is waiting for a breakout from the range. We are monitoring the level of 5.61 — its breakout could trigger a new impulse.
