#pendle is clearly being heavily manipulated now. Anyone who knows crypto would see that this project is way overpriced.
Be very cautious right now. I'm shorting this with leverage because some of the technical indicators are over bought to the absolute max.
I'm not sure who is manipulating this market but I really hope they fail because #Cryptocurrency is supposed to be about equal opportunity & fairness without the manipulators doing what they have previously done on the stock market. This is why the stock market is outdated. The power does not work when it's owned by 1% of the population, crypto is supposed to be fixing this through transparency.
To conclude, There is no possible way that this projects marketcap should be nearly 2x that of PancakeSwap. It's honestly mind blowing & for this reason I'm shorting. I think $pendle is at least 4x overvalued right now and that's being generous to the project.