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The chart suggests that PENDLE is currently in a bearish phase and may face further downward pressure in the short term. However, it is possible that the price may find some support at the previous resistance level of $0.651, which was breached on March 27. Alternatively, the price may bounce back if the Stochastic indicator crosses above 20 or the MACD line crosses above the signal line, signaling a reversal of momentum. In any case, traders should be cautious and use appropriate risk management strategies when trading PENDLE.
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