From the 1D, 4H, and 1H charts of PENDLE/USDT, here is a detailed analysis of the next move:

1. Overall Observations:

  • Trend:

    On the 1D chart, PENDLE is still in a broader uptrend but showing some resistance near $7.23 (recent high). A retracement has started as it failed to break this level.

  • Support Levels:

    • 1H Chart: $5.72 is acting as immediate support.

    • 4H Chart: $5.72 to $5.76 is critical. Breaking this zone could lead to a larger decline.

  • Resistance Levels:

    • Major resistance lies at $7.15 - $7.23 (highlighted in orange).

    • A failure to break and sustain above $7.23 might keep bearish pressure intact.

2. Indicators Analysis:

  • RSI (Relative Strength Index):

    • 1D RSI: ~49.05, neutral to slightly bearish. It shows momentum weakening.

    • 4H RSI: ~41.80, near oversold conditions but no immediate rebound signal.

    • 1H RSI: ~43.96, indicating weak buying strength.

  • Volume:

    • Decreasing volume on both the 4H and 1H charts suggests lower buying interest.

  • Moving Averages (MA):

    • The 1D and 4H MAs are still trending upward, but the 1H chart shows bearish divergence as price is trading below the MA.

Next Move:

  1. If PENDLE holds above $5.72 (support):

    • A short-term bounce is likely toward $6.04 and then $6.30.

    • However, breaking above $6.04 with strong volume is necessary to signal recovery.

  2. If PENDLE breaks below $5.72:

    • Expect a decline toward the next major support at $5.50 and possibly $4.50 (seen in the 1D chart).

Conclusion:

  • Short-term: PENDLE looks slightly bearish with weak momentum. Watch the $5.72 support closely.

  • Long-term: If the broader uptrend holds, dips could provide buying opportunities for a move back toward $7.23.

  • Strategy: A breakdown below $5.72 could trigger short positions; otherwise, wait for confirmation of strength above $6.04.