Cryptonary

Pendle ($PENDLE) has recently broken its months-long trendline support, signaling a clear shift in momentum and drawing traders’ attention to a critical support zone just below. With price action now hovering around a key psychological level, the next move could define Pendle’s short-term trend.

Traders are watching closely to see if it stabilizes here for a range-bound setup or breaks down further to revisit earlier lows. A reclaim of the next resistance would restore some bullish structure and open the door for recovery. This setup offers potential opportunities for both bulls and bears, depending on how the coming days unfold.

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