🚀 $PENDLE Analysis Update 🚀
RALLY possible?
PENDLE is currently hovering around $3.866, showing signs of short-term bullish momentum as it sits above the MA 7 of $3.855 and the MA 25 of $3.752. This indicates that the recent upward trend is holding strong. However, the price is still below the MA 99 at $3.906, marking a key resistance level.
The recent trading volume of 8.994K reflects robust buying activity, which supports this upward movement but needs to be sustained for a breakout. If PENDLE can break above the MA 99 at $3.906, we could see it test the $4.000 resistance level and potentially climb higher.
However, if the price fails to hold above $3.866, a dip to $3.750 or lower could occur as sell pressure mounts. Overall, the trend remains cautiously bullish, and it's crucial to keep an eye on how the price interacts with that key resistance level. Let's watch closely! 📈💰