$PENDLE : SHARP RETRACE AFTER HITTING HIGHS – WHAT TO WATCH NEXT... Surely dumb here
$PENDLE is trading at $6.215, up +0.62%, but showing a notable pullback after touching its 24-hour high of $6.411. The price has slipped from this peak, signaling short-term profit-taking. Immediate support lies near $6.108, which must hold to avoid a deeper correction. If buyers step in at this level, a rebound could retest the resistance at $6.270 and potentially push for a breakout above $6.411.
Traders should monitor volume closely – rising volume on a bounce will confirm bullish momentum, offering an opportunity for profitable trades. Conversely, a breakdown below support may see the price testing lower zones near $5.967. Stay sharp, as volatility is creating short-term trading opportunities.
