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Is Pendle Price About to Shock the Market?

  • Pendle (PENDLE) price has shown strong bullish momentum on both daily and hourly charts, indicating a possible breakout.
  • On the daily chart, Pendle's price is above key SMAs, with resistance at $4.33 likely to be broken, targeting $4.80 and potentially $5.55.
  • The hourly chart shows Pendle holding above major moving averages, with a support band between $4.05–$4.28, suggesting a retest of $4.48 and possible spike to $4.80.
  • A breakout above $4.33 could lead Pendle to hit $5.16, supported by the bullish market structure. Buying above $4.33 with a stop-loss at $4.00 is recommended.

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