$PENDLE ### PENDLE Market Analysis 📉
**Current Resistance Test:** #PENDLE has sharply declined, now challenging the previous support zone of **$4.06 - $4.13** as its new resistance.
**Price Position:** With the price hovering in an uncertain territory, there's a heightened possibility that it might continue to trend downward.
**Market Sentiment Shift:** Despite the downward pressure, the market is showing signs of a turnaround, making it essential to monitor the daily close before initiating any short positions.
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**Disclaimer:** This analysis is for informational purposes only and does not constitute investment advice. Cryptocurrency investments are subject to high market risk. Please make your investments cautiously and consult a financial advisor if necessary.#altcoins #notcoin #BinanceLaunchpool #ETFvsBTC #BlackRock