<ul data-eligibleForWebStory="true"><li>Pendle (PENDLE) experiences a 6% intraday drop to $3.31, significantly lower than its peak of $7.00 in late 2024.</li><li>Technical indicators suggest strong bearish pressure with price below key EMAs and RSI at 36.65 in oversold territory.</li><li>50-day EMA at $3.8405 and 200-day EMA at $3.7444 act as dynamic resistance, indicating a bearish pattern.</li><li>RSI at 36.65 signals continued selling pressure, with momentum favoring bears despite potential for a bounce.</li><li>Imminent resistance levels for PENDLE are at $3.50 and $3.80, while support at $3.00 is crucial for preventing further decline.</li><li>MACD indicator points to bearish divergence, and negative social sentiment adds to the overall negative outlook for PENDLE.</li><li>Convergence of bearish signals indicates a downward trend for PENDLE, with support breach potentially leading to further decline to $2.50.</li><li>Traders are cautioned to watch the $3.00 support level closely, with resistance expected at $3.50 and $3.80 for any bounce attempts.</li></ul>

Pendle Price Slides 7% as Potential Support at $3 Breaks, What’s Next?

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