$PENDLE /USDT: Gearing Up for a Breakout – Eyes on Resistance
$PENDLE /USDT is trading at $6.113, bouncing back strongly after holding support near $6.024. The 15-minute chart shows increasing buying momentum, with the RSI at 66.76, signaling strength but nearing overbought territory. Traders can consider an entry around $6.100 - $6.120, with immediate targets at TP1 $6.160 and TP2 $6.200. To manage risk effectively, a stop loss should be placed at $6.050.
The MACD indicates a potential bullish crossover, suggesting renewed upward pressure. If PENDLE breaks above the immediate resistance of $6.161, it could retest the 24-hour high at $6.279. Traders should watch volume closely for confirmation and capitalize on this short-term opportunity with disciplined execution.