- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
PENDLE Token Surges 15%, Eyes $5 Breakout
By: cryptosheadlines|2025/05/16 19:00:12
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com PENDLE has experienced a strong wave of accumulation following its decline to a year-to-date low of $1.81 on March 11. Since then, the token has traded within an ascending parallel channel, signaling a sustained rally.Today, PENDLE is up 15%, leading the market’s gains. With strengthening buying activity, the altcoin is poised to continue its rally. PENDLE Soars 135% in Two MonthsPENDLE has traded within an ascending parallel channel since March 11, reflecting its growing price over the past two months. At press time, the altcoin exchanges hands at $4.16, climbing 135% from the $1.81 price bottom.PENDLE Ascending Parallel Channel. Source: TradingViewAn ascending parallel channel is formed when an asset’s price moves between two upward-sloping, parallel trendlines, indicating consistently higher highs and higher lows. PENDLE’s rally within the channel suggests that its buyers continue to push the price upward while confidently maintaining control over pullbacks.Moreover, the setup of the token’s Moving Average Convergence Divergence (MACD) supports this bullish outlook. PENDLE’s MACD line (blue) currently lies significantly above its signal line (orange).PENDLE MACD. Source: TradingViewThe MACD indicator identifies an asset’s price trends and changes in its momentum. Traders use it to spot potential buy or sell signals through crossovers between the MACD and signal lines.As in PENDLE’s case, when the MACD line rests above the signal line, it is a bullish signal. It indicates that buying activity exceeds selloffs among traders and hints at a sustained price rally if bullish conditions persist.Furthermore, PENDLE’s triple-digit rally has pushed it above the Leading Spans A and B of its Ichimoku Cloud, confirming the buying pressure in the market.PENDLE Ichimoku Cloud. Source: TradingViewThe Ichimoku Cloud tracks the momentum of an asset’s market trends and identifies potential support/resistance levels. When an asset trades below this cloud, it reflects a downtrend. In this scenario, the cloud acts as a dynamic resistance zone, reinforcing the likelihood of continued decline if the price remains below it.On the other hand, breaking above the cloud suggests a strong bullish trend, which signals that buyers have gained control. This means PENDLE will likely continue its upward trajectory in the short term.PENDLE Battles $4.48 Resistance — Will the Bulls Push Through?PENDLE trades at $4.16 at press time, resting just below the key resistance at $4.48—the barrier standing between it and the $5 price region. If buying pressure strengthens and PENDLE flips this resistance into a support floor, it could propel the token toward $5.10, a high last seen on January 6.PENDLE Price Analysis. Source: TradingViewHowever, if profit-taking sets in, this bullish projection would be invalidated. In that case, the token’s price could fall to $3.85. Should the bulls fail to defend this level, the PENDLE token may extend its decline further to $3.07.DisclaimerIn line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.Source link
You may also like
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.
Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.
Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.
Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply
Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.
Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."
$1.3 Billion Debt: BitDeer Faces Tough Battle
Wu Jihan is waiting for AI's money to catch up with the speed of debt.
Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No
In the AI Era, what is the most valuable thing?
Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
Emerging from the ruins of FTX, Paradigm took three years
Ethereum Unveils Scaling Roadmap, What's Different This Time?
Short-term improvements to execution efficiency through the Gas mechanism optimization and block validation parallelization, and long-term scalability through ZK-EVM and blobs data architecture.
Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in Over the Last 24 Hours?
Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx
Overview of Important Market Events on February 27
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
App