Bulls Push PENDLE Toward Key Resistance Level of $3.69, What Next?
- PENDLE price analysis is favoring bulls and a breakout may be visible soon.
- PENDLE crypto price is trying to break out of the 200-EMA Level.
PENDLE price analysis suggests that bulls are returning back to the track and preparing for a breakout above the $3.69 mark. The price rose 79% from the support level of $1.82 and reversed the bearish trend in the upward direction.
PENDLE price sustained above the 50-day EMA; indicating mild positive trend. But until bulls succeed in breaking out of the $3.69 resistance level the confirmation of the trend reversal is awaited. Meanwhile, Pendle needs to attract buyers in order to maintain its recovery phase.
According to CMC data, currently, the $PENDLE price is trading at $3.17 with an intraday gain of 11% suggesting positive momentum. Moreover, the price increased by 28.73% over last month indicating bulls are active and pushing the price at higher levels.
Will PENDLE Break Above The $3.6 Mark?
The PENDLE price breaks above the 50-EMA ($2.8) mark and sustains above it. Till the Pendle price is sustained above the 50-EMA level, the bulls will remain active and absorb the short-term sell-off.
The RSI is heading in the upward direction, currently at 63 denotes bullishness. The MACD curve is also in the positive zone and heading upward, indicating positive momentum.
The technical chart pattern shows bulls are active and any short-term retracement will be easily bought up. However, to break above the 200-EMA ($3.6) mark PENDLE will need buyers’ support. It will need to attract more investors to fuel the further rally.
The immediate support for the price is $2.86 and 2.50. On the other hand, $3.69 and $4.00 will act as resistance.
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Bulls Push PENDLE Toward Key Resistance Level of $3.69, What Next?
- PENDLE price analysis is favoring bulls and a breakout may be visible soon.
- PENDLE crypto price is trying to break out of the 200-EMA Level.
PENDLE price analysis suggests that bulls are returning back to the track and preparing for a breakout above the $3.69 mark. The price rose 79% from the support level of $1.82 and reversed the bearish trend in the upward direction.
PENDLE price sustained above the 50-day EMA; indicating mild positive trend. But until bulls succeed in breaking out of the $3.69 resistance level the confirmation of the trend reversal is awaited. Meanwhile, Pendle needs to attract buyers in order to maintain its recovery phase.
According to CMC data, currently, the $PENDLE price is trading at $3.17 with an intraday gain of 11% suggesting positive momentum. Moreover, the price increased by 28.73% over last month indicating bulls are active and pushing the price at higher levels.
Will PENDLE Break Above The $3.6 Mark?
The PENDLE price breaks above the 50-EMA ($2.8) mark and sustains above it. Till the Pendle price is sustained above the 50-EMA level, the bulls will remain active and absorb the short-term sell-off.
The RSI is heading in the upward direction, currently at 63 denotes bullishness. The MACD curve is also in the positive zone and heading upward, indicating positive momentum.
The technical chart pattern shows bulls are active and any short-term retracement will be easily bought up. However, to break above the 200-EMA ($3.6) mark PENDLE will need buyers’ support. It will need to attract more investors to fuel the further rally.
The immediate support for the price is $2.86 and 2.50. On the other hand, $3.69 and $4.00 will act as resistance.
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