$PENDLE is building a potential double-bottom setup on the 1H chart — but bulls still need one key breakout to confirm it.
PENDLE is trading around $2.36, with the two reaction lows forming around the $2.30–$2.32 area. The key neckline sits near $2.50–$2.52.
A sustained 1H breakout and close above $2.52 would provide confirmation of the pattern and could open the way toward the $2.75 projected target.
Key levels to watch:
Support: $2.30–$2.32
Neckline: $2.50–$2.52
Breakout target: around $2.75
Until $2.52 is decisively reclaimed, this remains a setup under development rather than a confirmed bullish reversal. Failure to break the neckline could keep PENDLE range-bound or send price back toward the $2.30 area.
Current market data shows PENDLE around $2.36 with approximately $30.7M in 24H trading volume and a market cap near $410M.
The setup is simple: $2.52 breakout confirms strength; rejection keeps the double bottom unconfirmed.
Not investment advice. Educational report only.
#PENDLE #DeFi #CryptoTrading #Altcoins #BinanceSquare $PENDLE
PENDLE is trading around $2.36, with the two reaction lows forming around the $2.30–$2.32 area. The key neckline sits near $2.50–$2.52.
A sustained 1H breakout and close above $2.52 would provide confirmation of the pattern and could open the way toward the $2.75 projected target.
Key levels to watch:
Support: $2.30–$2.32
Neckline: $2.50–$2.52
Breakout target: around $2.75
Until $2.52 is decisively reclaimed, this remains a setup under development rather than a confirmed bullish reversal. Failure to break the neckline could keep PENDLE range-bound or send price back toward the $2.30 area.
Current market data shows PENDLE around $2.36 with approximately $30.7M in 24H trading volume and a market cap near $410M.
The setup is simple: $2.52 breakout confirms strength; rejection keeps the double bottom unconfirmed.
Not investment advice. Educational report only.
#PENDLE #DeFi #CryptoTrading #Altcoins #BinanceSquare $PENDLE