PENDLE/USDT Technical Analysis

PENDLE/USDT may fluctuate around $5.5 in the short term, with some resistance and support. The medium- and long-term trend is upward, and we need to pay attention to changes in trading volume and market momentum.

Moving Average

The short-term moving average (MA(5) and MA(7)) shows that there is resistance near $5.817 and $5.751. The medium-term moving average (MA(14), MA(48) and MA(72)) are relatively close, indicating that there is strong support near $5.5. The long-term moving average (MA(144)) shows that the long-term trend is upward.

Trading Volume

The high trading volume is enlarged, indicating that there is a lot of buying and selling activities near the high of $7.538, and there is a lot of profit-taking pressure in the market.

MACD indicator

MACD shows that the DIF line and DEA line are hovering around 0, with weak momentum, and there is no obvious long or short trend in the market.