Key takeaways:
Pendle’s price is projected to reach a maximum of $14.65 by the end of 2024,
By 2027, Pedle’s price is expected to reach an average of 28.08
In 2030, the price of Pendle is predicted to reach a maximum of $50.03.
Pendle (PENDLE) innovates the DeFi space by enabling future yield trading. This unique approach helps users maximize returns through advanced smart contracts and seamless integration with other DeFi platforms.
Pendle’s recent progress, such as smart contract updates and strategic partnerships, marks its growth and commitment to innovation. Will these developments increase the value of $PENDLE? How will market changes and regulations affect its growth? Can Pendle rise? Can Pendle reach $10?
Overview
Token PENDLE Price $5.60 Market Cap $926.81M Trading Volume $214.67M Circulating Supply 165.62M PENDLE All-time High $7.52 (Apr 11, 2024) All-time Low $0.03349 (Nov 10, 2022) 24-hour High $6.21 24-hour Low $5.14
Pendle price prediction: Technical analysis
Metric Value Price Prediction $ 19.16 (231.44%) Volatility 9.42% 50-day SMA $ 5.24 14-Day RSI 50.85 Sentiment Neutral Fear & Greed Index 78 (Extreme Greed) Green Days 15/30 (50%) 200-Day SMA $ 4.52
Pendle price analysis
TL;DR Breakdown
The current Pendle price is at $5.6, indicating a neutral trend.
PENDLE faces resistance at $7
Support for PENDLE is present at $5.
PENDLE/USD 1-day chart
PENDLE 1-Day price chart; Tradingview
On December 10, the 1-day chart for Pendle (PENDLE/USDT) reveals a bearish momentum as the price dropped by 1.30%, closing at $5.617. The Bollinger Bands indicate a broadening range, with the upper and lower bands at $6.876 and $4.723, respectively, suggesting increased price volatility. The midline (SMA 20) at $5.800 acts as immediate resistance. The Relative Strength Index (RSI) is at 48.18, signifying overbought momentum with a slight bearish bias as it moves below the 60 level. The price action indicates potential support near $5 and resistance at $7. Traders should watch for a decisive break below $5.312 for further downside.
PENDLE/USD 4-hour chart
PENDLE 4-hour price chart; Tradingview
The 4-hour chart for Pendle (PENDLE/USDT) reflects bearish momentum, with the price currently at $5.614, down by 5.12%. The Balance of Power (BoP) at -0.81 confirms a strong bearish pressure in the market. The MACD indicator shows a bearish crossover, with the MACD line at -0.103 and the signal line at -0.110, suggesting further downside. Immediate support lies at $5.562, while resistance is $5.917. A breakdown below $5.562 could increase selling pressure, targeting $5.300. Conversely, a reversal above $5.917 might signal recovery toward the $6.000 resistance level. Caution is advised.
Pendle technical indicators: Levels and action
Daily simple moving average (SMA)
Period Value ($) Action SMA 3 $ 5.55 BUY SMA 5 $ 6.06 SELL SMA 10 $ 5.98 SELL SMA 21 $ 5.69 SELL SMA 50 $ 5.24 BUY SMA 100 $ 4.50 BUY SMA 200 $ 4.52 BUY
Daily exponential moving average (EMA)
Period Value ($) Action EMA 3 $ 5.72 SELL EMA 5 $ 5.41 BUY EMA 10 $ 4.97 BUY EMA 21 $ 4.54 BUY EMA 50 $ 4.09 BUY EMA 100 $ 3.95 BUY EMA 200 $ 3.86 BUY
What can you expect from PENDLE price analysis next
Based on both the 1-day and 4-hour charts for Pendle (PENDLE/USDT), the bearish sentiment dominates, with the price currently at $5.617 on the 1-day chart and $5.614 on the 4-hour chart. The RSI is at 48.18, while the MACD on the 4-hour chart indicates bearish momentum with a negative crossover. The Balance of Power (BoP) at -0.81 reinforces this negative sentiment. Immediate support is at $5.312, with resistance near $5.917. A breakdown below $5.312 could signal further losses, targeting $5.000, while recovery above $5.917 could push prices back toward $6.000.
Is PENDLE a good investment?
Investing in Pendle coin offers a unique opportunity in the DeFi sector. Pendle’s approach to tokenizing and trading future yields allows for flexible management of yield-bearing assets, enhancing investment portfolios. Conducting their own research is crucial for potential investors to understand the Pendle market cap and the dynamics of its price movement.
Pendle’s ecosystem shows strong community trust, with impressive TVL, market cap growth, and endorsements from industry veterans like Arthur Hayes. These factors and high yields make Pendle a compelling investment in innovative DeFi projects.
Will Pendle reach $50?
Pendle’s current price is around $7. Given its recent market trend, predictions suggest that by 2030, Pendle’s maximum price could reach approximately $50.03.
Will Pendle reach $100?
Pendle price is recent downward trend, it is highly unlikely that Pendle will reach $100 in the foreseeable future.
Is Pendle a Safe investment?
Pendle cryptocurrency offers innovative yield management features, making it appealing for investors. However, it carries risks like market volatility and potential technological issues. Investors should conduct thorough research and consider their risk tolerance before investing in Pendle.
Does Pendle have a good long-term future?
PENDLE has shown volatility and recent downward movement. Its short-term outlook appears uncertain. However, its long-term future could be positive if the project innovates, gains wider adoption, and maintains strong community and developer support.
Recent news/opinion on Pendle
Pendle introduces longer maturity options for rsETH with @KelpDAO, available until June 2025 on Ethereum and @Arbitrum, boosting flexibility and rewards for users.
Longer? We agree.@KelpDAO rsETH is now available with a longer maturity (26 June 2025) on both @Ethereum and @Arbitrum!🌊 3x Kelp Miles🌊 1x EigenLayer PointsMore pools, more maturities, more choices to cater for your needs pic.twitter.com/H3fZiW9SvY
— Pendle (@pendle_fi) November 7, 2024
Pendle users can now seamlessly transfer liquidity from the Dec 2024 pool to the June 2025 pool with a simple “Transfer Liquidity” option.
Pendies who wish to migrate their liquidity from the Dec 2024 pool to the new June 2025 pool can easily do so via the <Transfer Liquidity> function.Ethereum: https://t.co/4ZrFVQt53mArbitrum: https://t.co/Z2xcRYf19y pic.twitter.com/HtpGNQa9uF
— Pendle (@pendle_fi) November 7, 2024
Pendle price prediction December 2024
In December 2024, Pendle prediction suggests it could maintain a consistent value, with a potential low, average, and high price of $6.67.
Pendle price prediction Potential Low Average Price Potential High Pendle price prediction December 2024 $6.67 $6.67 $6.67
Pendle Price Prediction 2024
In 2024, Pendle’s price is predicted to have a potential low of $5.94 and a potential high of $14.65, with an average price of $13.57.
Pendle Price Prediction Potential Low Average Price Potential High Pendle Price Prediction 2024 $5.94 $13.57 $14.65
Pendle price prediction 2025-2030
Year Minimum price Average price Maximum price 2025 $14.34 $16.60 $16.87 2026 $19.63 $23.42 $24.07 2027 $25.59 $28.08 $30.67 2028 $25.59 $28.08 $30.67 2029 $31.63 $35.32 $36.64 2030 $45.04 $49.83 $50.03
Pendle Price Prediction 2025
The price of Pendle is predicted to reach a minimum value of $14.34 in 2025. $PENDLE could reach a maximum value of $16.87 and an average trading price of $16.60.
Pendle Price Prediction 2026
In 2026, the price of Pendle is predicted to reach a minimum level of $19.63. $PENDLE’s price can reach a maximum level of $24.07 and an average trading price target of $23.42.
Pendle Price Prediction 2027
In 2027, the average price of Pendle is predicted to reach a minimum level of $25.59. $PENDLE’s price can attain a maximum level of $30.67 and an average trading price of $28.08.
Pendle Price Prediction 2028
The PENDLE price prediction for 2028 projects a minimum price of $25.59 for the token. According to the analyst forecast, the token could reach a maximum price of $30.67 and an average trading price of $28.08.
Pendle Price Prediction 2029
The price of Pendle is predicted to reach a minimum value of $31.63 in 2029. Per the predictions, holders can expect a maximum price of $36.64 and an average trading price of $35.32.
Pendle Price Prediction 2030
The Pendle price forecast for 2030 projects a minimum price of $45.04, a maximum price of $50.03 and an average forecast price of $49.83.
Pendle price prediction 2025-2030 Pendle market price prediction: Analysts’ $PENDLE price forecast Firm 2024 2025 Cryptopredictions.com $6.347 $8.342 Changelly $12.73 $11.10 Binance $6.5996 $6.9295 Cryptopolitan’s $PENDLE price prediction
In 2024, Cryptopolitan projects that $PENDLE could experience notable price fluctuations, with a potential low of $5.94, an average of $13.57, and a possible high of $14.65.
Pendle historic price sentiment
PENDLE price history
In September 2020, the price of Pendle started at around $1.0849, and a gradual decline followed.
Between October and December 2020, the price decreased steadily, ending the year below $1.0.
Between January and June 2021, the price remained relatively stable, fluctuating around the $0.90 to $1.0 range.
Between July and December 2021, Pendle continued to exhibit minor fluctuations, maintaining a range around the $1.0 mark but showing no significant upward or downward trend.
The price of Pendle from January to December 2022 remained relatively flat, hovering around the $1.0849 mark with minimal fluctuations. There was little to no significant upward or downward movement during this period.
In June 2023, the price remained stable, with slight declines observed but staying well below the $1.0 mark. Pendle price movements showed no significant upward momentum and maintained a steady range.
Starting from mid-2023, the price began to show slight upward movements, though it was still relatively low.
By the end of December 2023, the price showed some initial signs of increase, moving closer to the $1.2 mark.
$PENDLE saw significant growth in Q1 2024, hitting above $2.5 in January 2024, $3.2 in February, and $5.5 by the end of March.
The positive momentum from Q1 2024 continued in Q2 2024. $PENDLE attained its ATH ($7.52) on April 11, 2024. The token retested its support at around $3.8 in mid-May but soon rebounded above $7 on May 20.
$PENDLE closed at $6.8 in May 2024; in June 2024, the token traded within the $4.6 – $6.3 range.
PENDLE is trading around $3 range in September.
On October 06, the price of Pendle traded at $3.8443 wiith a trading volume of $23.75M.
In early November, Pendle coin traded at $4.2 with a trading volume of $94.61M. On December 04, the price traded at $6.5702.
