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The post <a href="https://coinpedia.org/price-analysis/will-this-breakout-boost-pendle-price-beyond-10/">Will This Breakout Boost PENDLE Price Beyond $10?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With a bullish trend starting to surface in the crypto market, the underlying gears in the altcoins are turning bullish. Amidst the resurfacing altcoins, the <a href="https://markets.coinpedia.org/pendlee/" target="_blank" rel="noreferrer noopener">PENDLE price</a> action teases a massive breakout rally coming this month.&nbsp; 
With the trend reversal gaining momentum, the PENDLE price trend showcases dominance above $5. Will the bullish dominance lead the uptrend to hit the $10 milestone this month? Let’s look at the price analysis below for a deeper understanding.&nbsp; 
<h2 class="wp-block-heading" id="h-pendle-price-aims-7-breakout">Pendle Price Aims $7 Breakout</h2> 
The PENDLE coin price action shows a prominent uptrend in action in the daily chart. With an overnight jump of 3.49%, the short-term rounding reversal teases an uptrend continuation.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcgmsTB_gZU7J163aOvqeSgAZqYcNwlbrjdcyo1JwcXtxlTsg4VICunSucnFmwMJk5XBqptGaElOhIELGKA28kWNAKXH7rZV8ZDc3Jym1zEueG3x7jQ6q1egDye1s3T83yOl44jMh0M0fcvy_jjo7GEx44u?key=Sv1iPkazUdqO7ttcMG_bxA" alt="">
</figure> 
<a href="https://www.tradingview.com/x/8DSzPlAI/">Tradingview</a> 
In the larger trend, the PENDLE price action shows an inverted head and shoulder pattern. Generally, in a pattern known for bullish breakouts, the neckline stands at the $7 supply zone that has provided multiple bearish reversals in the altcoin price trend.&nbsp; 
Further, the declining trend during the pullback signals an uptrend ahead. Currently, the PENDLE price trades at $6.150 with an intraday growth of 1.59% to form the second consecutive bullish candle. This short-term recovery undermines the 4% drop on Sunday.&nbsp; 
Technical Indicators: 
RSI: The daily RSI line shows sustenance above the 50% halfway line, bolstering the possibility of a bullish breakout.&nbsp; 
MACD: The bearish crossover in the MACD and signal lines struggle to trend lower as the bullish comeback pushes it higher.&nbsp; 
<h2 class="wp-block-heading" id="h-will-pendle-reach-10">Will PENDLE Reach $10?</h2> 
As per the trend-based Fibonacci levels, the uptrend is ready to challenge the 50% line. Further, the neckline at $7 will decide the upcoming trend in the PENDLE price in June.&nbsp; 
A bullish breakout will boost the altcoin price to the psychological mark of $10 in the coming days. However, a reversal from $6.36 or $7 can plunge the altcoin to the $5 mark. 
Also Check Out : <a href="https://coinpedia.org/price-analysis/meme-coins-dog-floki-wif-trigger-bull-run-ahead/">Meme Coins DOG, FLOKI, WIF Trigger Bull Run Ahead</a>

Will This Breakout Boost PENDLE Price Beyond $10?

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