$PENDLE

/USDT Technical Analysis:

As of the latest data, PENDLE/USDT is experiencing a downward trend, currently trading at $4.71, reflecting an 18.43% drop in the last 24 hours. Let’s dive into the key technical aspects:

24h High: $5.86

24h Low: $4.65

Current Price: $4.718 (down by 1.19% in the last 15 minutes)

Key Levels:

Support Level: Around $4.65 (24h low)

Resistance Level: Just under $5.00 (previous minor resistance at $5.2)

24h Trading Volume:

PENDLE Volume: 12.63M

USDT Volume: 64.31M

Market Sentiment:

With PENDLE testing lower levels and remaining volatile, traders should watch for potential reversal signals near $4.65 support. A bounce here could signal a potential rally towards resistance levels around $5.00.

Key Insights:

If $4.65 holds, there’s potential for a recovery toward the $5.00-$5.20 zone.

Watch the market closely for breakout or breakdown signals as volatility remains high.

Disclaimer: Always conduct your own research and consider market conditions before making any trading decisions.

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