$PENDLE Today, the sentiment around Pendle (PENDLE) appears cautiously bullish. With the current price at $5.339, Pendle is trading near recent support levels while showing signs of potential upward momentum. Analysts suggest a target price of $5.70–$6.00 by the end of 2024, with resistance likely around $7 in the coming months if market conditions remain favorable.

Pendle's undervaluation relative to its Total Value Locked (TVL) ratio and strong market activity indicate room for growth. However, significant token movements to exchanges and high concentration in top wallets could introduce volatility risks.

- **Buy Price**: Around $5.00–$5.30 for better value entry points.

- **Correct Price Estimate**: $5.70–$6.00 based on short-term market data.

- **Target Price**: $6.00 by year-end if bullish trends persist.

It’s wise to monitor volume and macro crypto trends before making decisions.