$PENDLE /USDT Market Update: Big Move Ahead?
The PENDLE/USDT pair is holding steady at $6.280, up +3.71% today, as buyers return following a recent pullback. The chart shows solid support at $6.00, which has provided stability for the bulls. Meanwhile, the $6.50 resistance level remains a key barrier, with the potential for a breakout toward the psychological $7.00 level.
Trading Strategy:
Bullish Setup: Look for a breakout above $6.50 with strong volume, targeting $7.00 and potentially higher.
Bearish Setup: A drop below $6.00 could lead to declines toward $5.50 or $5.00, offering shorting opportunities.
The market is consolidating, indicating that a big move could be on the horizon. Stay alert for a potential breakout that could lead to explosive opportunities. Always manage your risk and wait for momentum confirmation before entering trades.
What’s your strategy? 👀