PENDLEUSDT Technical analysis update Short level: $0.625 - $0.629 Stop loss : $0.654 Take Profit 1 : $0.605 Take Profit 2 : $0.560 Take Profit 3 : $0.465 Thanks Hexa
PENDLEUSD is attempting to get detached from the 1D MA50, located at the bottom of the 8 month Channel Up. The 1D MACD is in the process of forming a Bullish Cross, while the overal timeframe is neutral technically (RSI = 50.567, MACD = 0.003, ADX = 41.833) indicating strong upside potential. As long as this holds, we are expecting this to be the start of the new...
Pendle has been the best performer during the bear and early bull markets. TVL has grown and gained much traction as it offers an interesting product. However, is the current valuation reasonable? Its current Mcap is at 112M, and the circulating supply is about 42%. At its recent peak, PENDLE was up 5000% from its ATL and still hasn't surpassed its ATH. Don't be...