🚨 $PENDLE is down more than 8% — but one data point makes me hesitate to call this capitulation.
PENDLE is currently around $2.24
24H: -8.4%
24H low: $2.212
Meanwhile, Binance Community Focus is showing a buy ratio of around:
🟢 Holders: ~90% buy
🟢 Traders: ~92% buy
This is a notable divergence:
PRICE ↓
while
BUY-SIDE INTEREST ↑
Not enough to call a bottom.
I’m watching 3 levels:
🟢 $2.21 — support / 24H low
⚡ $2.26 — first short-term reclaim
🔴 $2.44 — the level it needs to reclaim for the structure to meaningfully improve
Additionally, around $67.4M in PT-AUSD collateral related to Pendle on Aave/Monad is expected to mature on 8/10.
There’s no evidence that this event caused today’s drop — but it adds another variable worth watching.
The important question:
Is smart money absorbing the sell-off… or are buyers catching a falling knife?
$PENDLE $BTC
Source: Binance market/community data + Binance News.
Not investment advice.
PENDLE is currently around $2.24
24H: -8.4%
24H low: $2.212
Meanwhile, Binance Community Focus is showing a buy ratio of around:
🟢 Holders: ~90% buy
🟢 Traders: ~92% buy
This is a notable divergence:
PRICE ↓
while
BUY-SIDE INTEREST ↑
Not enough to call a bottom.
I’m watching 3 levels:
🟢 $2.21 — support / 24H low
⚡ $2.26 — first short-term reclaim
🔴 $2.44 — the level it needs to reclaim for the structure to meaningfully improve
Additionally, around $67.4M in PT-AUSD collateral related to Pendle on Aave/Monad is expected to mature on 8/10.
There’s no evidence that this event caused today’s drop — but it adds another variable worth watching.
The important question:
Is smart money absorbing the sell-off… or are buyers catching a falling knife?
$PENDLE $BTC
Source: Binance market/community data + Binance News.
Not investment advice.