Alert: Pendle's Pivotal Pivot Point! šØ
Pendle's chart is flashing signs of a rebound as it distances from the market downturn. An overextended pattern on a lower timeframe suggests a pullback is on the horizon. Hereās the breakdown:
š Pendle on the Move: Ascending from the depths of the recent dump, tracking with market-wide recovery.
š Expecting Retracement: Eyeing a slide back to last week's Value Area Low (VAL) at $5.46, providing a support test.
š§ Resistance Watch: Sellers might step in around $7.0-$7.2, challenging the uptrend's momentum.
āļø Market Balance: The overextension indicates a short-term realignment may be imminent.
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