#PENDLE The recent trend has strengthened noticeably. The price has broken above the important resistance level at $2.152 again and is now moving closer to the $2.255 area. More importantly, the previous resistance level has started to turn into a support level, indicating that buyer strength is increasing.
From a technical indicators perspective, PENDLE’s uptrend is relatively clear. +DI is 36.33, which is far higher than -DI at 4.22—simply put, buyers currently have a clear advantage. ADX is at 52.44, which also suggests the current market trend has strong momentum.
The most critical level in the short term is $2.152. As long as PENDLE can hold this level, the bullish structure after the breakout is likely to continue. After that, you can watch the important target level at $2.50.
On the other hand, if the price falls back below $2.152, it would suggest this breakout may not be stable enough, and the risk of a short-term pullback would increase. Support to watch is around $1.689.
From a technical indicators perspective, PENDLE’s uptrend is relatively clear. +DI is 36.33, which is far higher than -DI at 4.22—simply put, buyers currently have a clear advantage. ADX is at 52.44, which also suggests the current market trend has strong momentum.
The most critical level in the short term is $2.152. As long as PENDLE can hold this level, the bullish structure after the breakout is likely to continue. After that, you can watch the important target level at $2.50.
On the other hand, if the price falls back below $2.152, it would suggest this breakout may not be stable enough, and the risk of a short-term pullback would increase. Support to watch is around $1.689.
