LONG
$PENDLE - MA60 SUPPORT HOLD WITH DEFI MOMENTUM
Current Price: $1.957
Signal: Price is holding firmly at MA60 support with positive momentum, showing resilience in the DeFi sector for potential upward continuation.
Entry: 1.950 - 1.960
TP1: 2.020
TP2: 2.080
TP3: 2.140
SL: 1.920 (below MA60 support)
CHART ANALYSIS:
MA60 Support Holding Strong: Price maintaining at MA60 ($1.952) confirms this as reliable dynamic support level.
Positive Multi-Timeframe Momentum: Positive daily, weekly, and monthly returns show consistent buying interest.
DeFi Sector Relevance: As a DeFi yield protocol, PENDLE benefits from yield optimization narrative and protocol development.
Consolidation Above Key Level: Price action shows healthy consolidation above critical moving average.
Technical Structure: Holding at key moving average with positive momentum suggests accumulation before next move.
#PENDLE #Long #SupportHold #DeFi #BukhariTechTips $PENDLE