Pendle Price Prediction: Will the Storm Calm or Strengthen?

Pendle Price Prediction 2025 anticipated to Reach $20

• Pendle's price soared due to its exponential growth in total value locked (TVL), among other key factors.

• $PENDLE has witnessed a significant surge of over 27% in the past 24 hours, driven by intense buying pressure.

• The Pendle crypto price has experienced a remarkable uptrend, rising by 161% in the last 16 days.

• In the daily timeframe, #Pendle's price reached an all-time high of $6.67, indicating a bullish trend.

• Following this peak, there was a pullback, but the price managed to hold above the $6.00 mark, suggesting potential support at this level.

• On the 4-hour chart, #Pendle is currently forming a Bullish Pennant Pattern, indicating a consolidation phase after a significant price increase.

• Meanwhile, the weekly chart suggests the formation of a Three White Soldiers Pattern, which typically signifies a strong bullish reversal.

• If the Bulls successfully breach the Bullish Pennant Pattern, it could signal further upward movement for Pendle, potentially targeting the $8-$10 range in the near future.

• Conversely, a drop in the Pendle price below $6 may lead to a decline towards $5, triggering potential panic selling among investors, highlighting a critical support level to watch.

• According to Coingabbar's analysis, $PENDLE price prediction 2030 anticipates a surge to $50, PENDLE Price Prediction 2040 suggests it could reach $200.

KEY LEVELS :

RESISTANCE LEVEL : $7.0000-$8.0000

SUPPORT LEVEL : $5.2000-$4.4000

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.