🚨 Over the past 10 hours, Pendle has been fluctuating between $6.9415 and $7.3300, experiencing both upward and downward movements. In the last 16 hours, it has predominantly been on an upward trajectory; however, attempts to breach the $7 mark were met with resistance, followed by struggles to stay below $7. This indicates a solid resistance level formation. Over the past 20+ hours, I've been observing this pattern, and several posts have corroborated this for short-term gains. However, the current situation seems to be evolving, with Pendle potentially moving bearishly. If this trend continues for the next 35 minutes, we may witness a downward trend, with the first support level starting at $6.4850 and potentially reaching an area of $6.1270. If Pendle fails to sustain resistance here and moves lower, significant profits may be attainable. It's imperative to be prepared and set stop-loss orders while keeping leverage minimal. Conduct your own research before making any investment decisions.

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