- The PENDLE crypto price has surged 138% in the last 12 days.
- The RSI is at 83 and extended to the overbought zone.
- Pendle crypto’s trading volume is $241.81 million, which has surged 78% in the past 24 hours.
The Pendle crypto price has witnessed intense buying pressure and has risen 138% in the last 12 days. Currently, the price is at an all-time high, and the trading volume supports the bullish momentum. The Pendle (PENDLE) price has recently surpassed the 20-day exponential moving average and further performed positively.
When writing, the Pendle price trades at $5.61 with an intraday gain of 2.08%. The circulating supply is 238,185,588 PENDLE, and the fully diluted market cap is $1.45 billion. The total supply and maximum supply are 258,446,028 PENDLE and 258,446,029, respectively.
Current Price – $5.61 Price Prediction – $6.53 (15.97%)
Market cap – $1.32 billion Fear & Greed Index – 79 (Extreme Greed)
Volume – $241.81 million Green Days – 16/30 (53%)
Sentiment – Bullish RSI – 83.65
Volatility – 18.70% 200-day EMA – $2.07
Based on our technical analysis, the Pendle crypto price is predicted to gain 15.97% to reach $6.53 by March 06, 2024. The fear and greed index is 79 (Extreme Greed), and the volatility is $18.70%. The PENDLE price has remained bullish for 16 days in the last 30 days.
Will PENDLE Price Manage to Defend the $5 Mark?
In a daily time frame, the Pendle price has been bullish and registered an all-time high of $5.79 today. The market capitalization is $1.32 million, and the trading volume is $241.81 million.
Suppose the PENDLE price falls and triggers a pullback; buyers may show interest in the dip. If the price chart structure attracts investors, then bulls may dominate. It may result in a buying momentum.
On the other hand, if the Pendle price falls and slips below the $5 mark, it may melt to the $4 mark. If the price fails to defend the $4 mark, investors may prefer to book profit, leading to a panic selling.
The technical indicators suggest that the Pendle price is trading far over the significant moving average, indicating strong buying momentum. The RSI is at 83 and staying in the overbought zone.
Volume Has Increased by 150% in a Few Hours
The graph of volume and price shows that the trading volume has increased for a month, and the price has also risen. The trading volume has been increased from $95 million to $243 million, which has lifted the price by more than 20%. Further changes in volume may affect the price.
Social Volume and Social Dominance Analysis
The graph of social dominance and social volume suggests that the awareness and interaction about Pendle crypto has decreased over the last few weeks, but the price hasn’t declined. According to this data, the price may react negatively in the next few days.
Conclusion
Pendle price is at an all-time low and has risen 138% in the last few days. It has witnessed intense buying pressure, and the trading volume has increased by 80% in the past 24 hours. According to the technical indicators, the bulls have dominated for the last few weeks. In the short term, the PENDLE price has been rising by taking support on the 20-day exponential moving average.
Technical Levels
Resistance: $6.00 & $6.50
Support: $4.00 & $3.25
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.