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With Trading Volume Soaring Over 200%, PENDLE Bulls Aim to Smash Through Resistance
- PENDLE has secured the top gainer spot in the crypto market with a 4.50% daily surge and a current trading price of $4.
- The daily trading volume for PENDLE has surged by over 200%.
- Bitcoin (BTC) is hovering around $107.3K, while Ethereum (ETH) is trading at $2.5K, amidst mixed signals in the crypto market.
- PENDLE broke through key resistance levels at $3.86 and $4.04 to reach a high of $4.15.
- The asset is currently trading at $4 with a market cap of $647 million.
- The weekly chart for PENDLE shows an 8.37% drop with high and low prices at $4.53 and $3.46, respectively.
- Technical analysis suggests bullish momentum building for PENDLE with the MACD line above zero and the CMF indicator showing strong buying pressure.
- If the upward momentum continues, PENDLE could retest the $4.10 resistance and aim for $4.28 as a crucial level.
- In case of bearish pressure, PENDLE might find support at $3.89, potentially forming a death cross below $3.80.
- The daily RSI for PENDLE is at 57.05, indicating a neutral to slightly bullish stance in the market.
- The Bull Bears Power (BBP) value for PENDLE stands at 0.266, suggesting mild bullish strength.
- Looming resistance levels and support zones set the stage for potential price movements in PENDLE.
- Highlighted news: Tornado Cash Co-Founder receives backing from Paradigm in a legal battle.
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