🚨‼️UPDATE $PENDLE Dont Miss It Out‼️🚨

Pendle's price has recently faced significant challenges, with a notable 45% decline and a sharp 47.3% drop in Total Value Locked (TVL), indicating dwindling investor confidence. Currently priced at $3.82, it's testing crucial support levels. Despite a 48% increase in intraday trading volume to $120.2 million, downward market pressure persists, potentially pushing the price to $3.20 if $3.82 support fails.

The TVL of Pendle has plummeted from $6.72 billion to $3.54 billion since June 7, signaling possible capital reallocation or waning investor interest. Technical indicators suggest that a rebound from $3.82 could bolster buyer confidence, aiming to reclaim the 200-day exponential moving average and revive bullish sentiment in the market.

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