$PENDLE 🔥🔥🔥

/USDT Technical Analysis Update

The PENDLE/USDT pair is showing a slight recovery as it trades at $4.73, marking a +0.17% gain in the past 15 minutes. After dipping to a 24h low of $4.726, PENDLE has bounced back near its 24h high of $5.856, indicating some market resilience.

Key Support & Resistance Levels

Support: The immediate support level is found at $4.600, with the price managing to stay above this mark.

Resistance: The key resistance level lies at $5.400, which has been tested recently.

Volume Insights

24h Volume (PENDLE): 11.93 million

24h Volume (USDT): 61.12 million

This surge in volume suggests growing interest, potentially signaling a breakout or consolidation around the current price levels.

Outlook

For the short term, watch for price fluctuations around the support and resistance levels. A sustained breakout above $5.400 could target higher levels near $5.856. However, if the price fails to hold above $4.600, further downside could be expected.

This post combines technical analysis with recent data for a detailed overview.