Pendle price is re -delivering the previous resistance – this graphic model has 78% winning rate
Pendle’s price is withdrawn again after running around $ 3.00 to $ 3.20 to this familiar wall, which is a resistance zone that it cannot appear clearly. He’s been trying to push it since March, but he’s withdrawn every time. Traders are still watching to see whether the overall rise trend with their stable lower levels can survive.
Currently, the price fell to approximately $ 2.75 after the last attempt, showing a little weakness. The volume also fell by 30%, which implies that the momentum can be cool. They can decide whether the next things go back soon.
Pendle technical pattern scores to support the re -test and potential opposite
Graphic data show that Pendle Price has been rejected once again in $ 3.00 – $ 3.20, a resistance area that has been fighting since March. In short, after entering this range, the price retreated and kept the termination for now. This level continues to act as a major barrier and may remain limited unless it is cleared with conviction.
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Ranled analyst amcryptoalex drew attention to the continuous formation of higher levels and pointed out that a close proximity of over 12 hours above $ 3.20 to verify a rise. Until this happens, the $ 3.00 area remains a key ceiling. If the price continues to shift, traders will probably turn it into an increased tendency approaching to $ 2.80, a level that has been supported since March.
Defi emotion is separated while holding the ground with pendle
While wider defi coins are decreasing, Pendle continues to perform better. Crypto researcher Jackchai said that Pendle closed the week in green, unlike double -digit losses in most of the sector. This more contradictory performance led to a conversation about the role of the coin due to the change of market narratives.
All defi is bleeding. So is my net value.
However $ Pendle @pendle_fi While closing the week in green, the rest of the large defi coins sent losses (some over 25%🤡)Market sense continues to be fragile as both liquidity and narrative interest decreases. Are we entering the defi … pic.twitter.com/vbvqzo03os
– Jackchai (@jackchai0922) April 8, 2025
In addition to this idea, the crypto expert Finish referred to the protocol’s relatively low fully diluted valuation (FDV) of $ 800 million, and shared that “$ Pendle saves my portfolio again with one hand”. The tweet shows that traders have begun to re -evaluate the relative strength and position of the coin.
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$ Pendle To save my portfolio alone
Imagine what will happen in a withdrawal?
FDV is only 800 million dollars, this is real pic.twitter.com/ykfr7tczes
– finish 🏁 (@0xfinish) April 8, 2025
Beyond short -term movements, the positioning of Pendle on Defi continues to attract positive attention. The Analyst 18 partners described the protocol as a strong harmony for the current cycle by specifying the ability to develop and token the existing defect protocols. Tweet refer to Pendle’s cross -chain potential and task clarity as factors that constantly support interest.
Defi area, $ Pendle I would think of this cycle as an excellent application.
Cross -chain compatibility is the ability to develop already established projects.
A clear task is innovative and dominates the corners of the market; Tokecination yield.
– 18 medium (@18decimals) April 8, 2025
Compliance with both Pendle Defi and real world existence narratives can help explain its separation from wider market weakness. As the coin re -tested a historically controversial area, technical traders and long -term owners follow the next decisive movement.
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