Pendle

Satoshi

Future

Arweave

RebelSatoshi

<p>Arweave (AR) and Pendle (PENDLE) are showcasing notable bullish trends amid recent market volatility. Arweave has transitioned from a macro downtrend to a new macro uptrend, while Pendle has broken out from a descending channel, indicating a potential bullish reversal.</p>
<h2 class="wp-block-heading" id="strong-arweave-s-ar-price-analysis-strong"><strong>Arweave’s (AR) Price Analysis</strong></h2>
<p>Arweave (AR) has been a consistent feature in <a href="https://newsletter.rektcapital.co/altcoin-newsletter-178-copy-2/" target="_blank" rel="noopener noreferrer nofollow">Rekt Capital’s newsletter,</a> showcasing a notable transition from a macro downtrend to a macro uptrend. Initially covered near its macro downtrend, AR subsequently broke this trend and entered a new macro uptrend.</p>
<p>AR lately has successfully retested the blue macro downtrend as support. This enabled a transition into a light blue bull flag, from which the price broke out to reach highs. For AR to position itself for a reclaim of the $43-$59 macro range, it must close above the $43 level.&nbsp;</p>
<p>Holding this level as support has historically facilitated range-bound behavior between $43 and $59. The top of the light blue monthly bull flag could play a crucial role in AR’s attempt to secure this range, potentially serving as a volatile post-breakout retest if AR experiences a dip in the coming weeks.</p>
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<h2 class="wp-block-heading" id="strong-pendle-price-analysis-strong"><strong>PENDLE Price Analysis</strong></h2>
<p>Crypto analyst Élodie has been <a href="https://x.com/Elodie_de/status/1796499996441010298" target="_blank" rel="noopener noreferrer nofollow">monitoring Pendle</a> (PENDLE), noting its price movements and key levels. Pendle experienced a breakout from a descending channel in mid-May, indicating an upward movement. This breakout was characterized by a strong bullish candlestick, suggesting robust buying interest.</p>
<h3 class="wp-block-heading" id="strong-trend-analysis-and-key-levels-strong"><strong>Trend Analysis and Key Levels</strong></h3>
<p>Pendle’s price reached a price around $7.00 following the breakout. Currently, the price has pulled back to around $6.26, with the $6.00 level acting as a crucial support post-breakout.</p>
<p>Immediate resistance is at $7.00, where the price faced selling pressure. If Pendle sustains above $6.00 and breaks above $7.00, it could indicate a continued bullish trend. Conversely, falling below $6.00 could suggest a potential bearish continuation, with key support around $4.00 possibly being tested again.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/expert-says-pepe-memecoin-is-the-most-important-meme-this-cycle-heres-why/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Expert Says PEPE Memecoin is ‘the Most Important Meme this Cycle’ – Here’s Why</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-market-implications-and-future-trends-strong"><strong>Market Implications and Future Trends</strong></h2>
<p>Both Arweave and Pendle are navigating critical levels that could determine their future trends. For Arweave, maintaining support above $43 is essential for reclaiming the macro range between $43 and $59. For Pendle, sustaining above $6.00 and breaking through $7.00 is vital for confirming a continued bullish trend.</p>
<p>If Arweave closes above $43, it positions itself for further gains within the $43-$59 range. Similarly, if Pendle breaks above $7.00, it could signal a continued bullish reversal from its previous downtrend.</p>
<p>A dip below $43 for Arweave could lead to volatility and potential re-testing of lower levels. For Pendle, falling below $6.00 could re-enter the descending channel’s range, suggesting a bearish continuation with possible testing of the $4.00 support level.</p>
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<p>The post <a href="https://captainaltcoin.com/arweave-ar-breaks-bullish-but-price-must-close-above-this-key-level-to-sustain-rally-pendle-eyes-make-or-break-support/" rel="noopener noreferrer nofollow">Arweave (AR) Breaks Bullish, but Price Must Close Above This Key Level to Sustain Rally; PENDLE Eyes Make-or-Break Support</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Arweave (AR) Breaks Bullish, but Price Must Close Above This Key Level to Sustain Rally; PENDLE Eyes Make-or-Break Support

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Ďalšie články zverejnené 31. 5. 2024

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