๐ #PENDLE Weekly Analysis: 280 Days in the Making, Breakout Imminent! ๐ฅ
PENDLE has been in a lengthy 280-day accumulation phase within a Descending Broadening Wedge pattern, and itโs now approaching the top of this formation. This setup could signal a powerful breakout on the horizon!
๐ฅ Key Highlights
Descending Broadening Wedge: A classic bullish formation that often precedes strong upward moves.
280 Days of Accumulation: This extended phase indicates a strong foundation, with PENDLE potentially building up for a substantial rally.
๐ฏ Targets to Watch
Target 1: $9.5 โ A key checkpoint if $PENDLE successfully breaks out.
Target 2: $13.9 โ A major bullish target, highlighting significant upside potential if momentum continues.
๐ Final Thoughts
With $PENDLE testing the top of the wedge, a breakout feels imminent! Keep a close eyeโthis could be the move weโve been waiting for. Get ready for takeoff! ๐
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