Pendle (PENDLE) Price Analysis: Can Bulls Push a Rally Toward $3.5?
Pendle bulls are eyeing a breakout—but can they really drive PENDLE toward that $3.5 target?
Let's cut through the noise. The token's been grinding in a tight range, with buyers defending key support levels. Momentum indicators hint at a potential shift—if volume confirms the move.
Why $3.5 matters
That level isn't just a random number. It's a psychological barrier and a previous resistance zone. A clean break above could open the path toward higher time-frame targets. Fail here, and we're back to consolidation—or worse.
Market sentiment's fickle, though. One minute everyone's a yield-optimizing genius, the next they're wondering why their 'passive income' strategy requires a PhD in DeFi mechanics.
Keep an eye on broader crypto momentum. If Bitcoin holds steady, altcoins like PENDLE often get a tailwind. If BTC stumbles, forget the rally—defense becomes the only play.
So, will the bulls charge? The setup's there, but execution is everything. In crypto, hope isn't a strategy—price action is.
PENDLE Could Surge to $3.5 If Support Holds Strong
The crypto analyst, Crypto Pulse, highlighted that Pendle has dropped sharply and is now trading at a critical long-term horizontal support near the $2.0 level. This zone has acted as a strong demand area multiple times in the past, making it an important area to monitor. As price stabilizes here, downside momentum may begin to slow if buyers continue stepping in.
Source: X
If this support holds, PENDLE could attempt a recovery move toward the $3.0–$3.5 resistance zone, where prior consolidation and selling pressure previously emerged. A clean bounce WOULD improve short-term sentiment, but the setup remains fragile. A decisive weekly close below $2.0 would invalidate the structure and expose the market to further downside risk.
Technical Indicators Suggest a Strong Breakout Ahead
The token has posted a strong bullish daily candle, gaining over 10%, which signals renewed short-term buying interest after a prolonged consolidation phase. Price is attempting to stabilize above the recent base, suggesting sellers may be losing control. However, the broader structure still reflects a cautious recovery rather than a confirmed trend reversal.
Source: TradingView
From an indicator perspective, MACD is improving, with histogram bars flipping positive, hinting at building bullish momentum, though the signal and MACD lines have not yet delivered a decisive bullish crossover. RSI has rebounded to the low 40s, NEAR oversold levels, showing early strength but remaining below the neutral 50 mark. This suggests upside potential exists, but follow-through volume and continuation above resistance will be key for confirmation.
Also Read: PENDLE Breakout Alert: Can It Soar to $10.88 in 2025?
