Pendle Kurs PENDLE

Pendle (PENDLE), a DeFi protocol focused on tokenized yield trading, drew attention recently due to a reported surge in large whale transactions associated with its token. According to data from on-chain analytics provider Lookonchain, five newly created wallets collectively withdrew 2.66 million PENDLE tokens from Binance. This amount was valued near $7.9 million over the past five days, as reported by Lookonchain. This significant off-exchange movement suggests growing confidence among large holders and sets up a bullish price movement for PENDLE if accumulation continues. Historically, large withdrawals from exchanges often indicate investors’ long-term holding intentions rather than immediate plans for short-term trading. If these whales continue to accumulate PENDLE in private wallets, it could reduce the readily available supply on exchanges. This can create a supply-demand imbalance that might push prices higher if demand increases. Related: Investors’ Guide: Top 5 RWA Altcoins & 2025 Price Targets Market analyst “Karl” (referenced in source context) noted the broader DeFi ecosystem currently experiences a generally low interest rate environment. The average stablecoin Annual Percentage Rate (APR), weighted by total value locked (TVL), sits at just 5.8% across the space currently. Pendle’s own yield-bearing products stand out in this context. For example, its Level USD Pendle IY offering reportedly provides the highest stablecoin yield among major tracked DeFi protocols, at 12.4%. This competitive yield difference could potentially drive greater adoption for Pendle among DeFi users seeking higher returns than currently available on established platforms like Aave V3 (which offers ~3.4% on USDC deposits, for comparison). However, despite this attractive yield proposition, Pendle’s overall TVL declined sharply from its reported peak near $6.7 billion in June 2024. Its TVL currently stands closer to $3.14 billion , according to DefiLlama data. This large drop in platform TVL suggests significant capital outflows have impacted Pendle over the past several months. This outflow might stem from broader crypto market trends or specific liquidity shifts occurring within the DeFi sector itself. As per CoinMarketCap data , PENDLE currently trades near $2.95. This price reflects a 2.15% gain over the past 24 hours. The next key technical support level for PENDLE is identified near $2.60. This price aligns with the token’s 20-day exponential moving average (EMA), a key short-term trend indicator. Related: Pendle (PENDLE) Price Prediction 2024-2030: Will PENDLE Continue Its Upward Momentum? The Relative Strength Index (RSI), a momentum indicator, reads near 54.39. This value indicates momentum is neutral but potentially turning slightly bullish following recent price action. The upward gradient observed on the RSI line suggests rising buyer demand at current price levels, even amidst broader market uncertainty. Holding above the $2.60 EMA support level is likely key for sustaining any nascent bullish momentum for PENDLE. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

$PENDLE $PENDLE is showing strong bullish signs after reclaiming the $3.00 zone. Price is consolidating near the highs with increasing volume — signaling a potential breakout continuation. 📊 Market Structure: • Clear uptrend with higher lows • Holding firmly above $3.00 • Bulls defending dips aggressively 📈 Key Levels: • Support: $2.95 • Resistance: $3.08 (24H High) • Breakout Zone: $3.10+ • Next Targets: $3.25, $3.40 📉 Trade Setup – Bullish Momentum Play: • Entry Zone: $3.01–$3.05 • Targets: 🎯 TP1: $3.10 🎯 TP2: $3.25 🎯 TP3: $3.40 • 🛑 Stop Loss: Below $2.95 ⚡️ Pro Tip: Watch for a candle close above $3.08 with strong volume to confirm breakout momentum. Ideal time to ride the next wave! $PENDLE is heating up – lock in your strategy before the next leg explo

#PENDLE/USDT ANALYSIS PENDLE is forming an inverse head and shoulders pattern and is currently attempting to break the neckline. The Ichimoku Cloud is also indicating bullish momentum, reinforcing the possibility of an upward move. A solid breakout above the neckline could trigger a strong bullish rally. Keep a close watch on the price action for a potential breakout. $PENDLE

$PENDLE ANALYSIS PENDLE is forming an inverse head and shoulders pattern and is currently attempting to break the neckline. The Ichimoku Cloud is also indicating bullish momentum, reinforcing the possibility of an upward move. A solid breakout above the neckline could trigger a strong bullish rally. Keep a close watch on the price action for a potential breakout.

$PENDLE Pendle has confirmed its breakout and Retest from decending channel. currently it has successfully achieved 15% of its targets still there is more to go✍️🚀 #PENDLE🔥🔥 #PENDLEUSDT