TLDR:
- Pendle deals at $ 5.86, an increase of 6.96% in 24 hours with a $ 231 million daily volume, per coyecko data.
- Analysts see a bull flag on this week’s diagram, with resistance close to $ 6.0- $ 6.5 now during reproduction.
- One week closing over $ 6.5 can confirm a breakout and open a road to $ 10 per symbol.
- Demand close to $ 5.0 has kept strong, with support repeatedly confirmed in $ 1.5– $ 2.0 zone.
Pendle sharpens against key resistance after a week with stable winnings. Token has climbed near the breakout zone as a trader has traced for months.
Analysts now say that the diagram shows a classic bull flag, often seen before sharp moves. With the price that floats close to $ 6.5, speed builds rapidly. The market focus is clear: Will Pendle Clear Resistance and open the door to $ 10?
PENDLE PRICE TESTS MAKRO Resistance
According to chart analysis shared by Bitcoinsensus on X, Pendle has formed a large bull flag pattern on the weekly time frame.
$ Pend Release for a massive breakout 💥
Weekly time frame on $ Pend Looks very hausse.
The price has consolidated within this macro bull flag pattern📈
The upper resistance line is now being redone and Breakout -Coul is coming soon.
Breakout target: … pic.twitter.com/4hx5jobnr5
– bitcoinsensus (@bitcoinsensus) August 23, 2025
The installation comes after A strong movement upwards The left -handed consolidation in a downward channel. This pattern is generally traced by traders for possible continuation if the resistance is broken.
The current resistance is between $ 6.0 and $ 6.5, where the price has been rejected before.
At the time of the analysis, Pendle was close to $ 5.63, just below that level. That zone now stands as the most important breakout barrier. Analysts noted that one week close to it could unlock more upside.
The support remains far below, anchored between $ 1.5 and $ 2.0. The price tested that range several times before and holds each time. An middle -class level close to $ 4 can also act as a fallback if bulls fail to push through resistance.
The current structure shows spiral price measures, with demand pops up close to $ 5.0. Analysts marked that level with renewed Purchase pressurehelp the token move back to the upper limit.
PENDLE PRICE Diagram Signals $ 10 Breakout -Objective
The flagged pattern also points to a measured draft target. Analysts project a possible driving to $ 10 if the outbreak is confirmed. That goal matches the height of the flagpole when it is extended above the breakout zone.
Coytecko data shows Pendle Trading to $ 5.86 at press time. The token increased 6.96% over the past 24 hours, with a seven -day rise of 10.17%. Trade volume reached over $ 231 million and showed strong activity as the price approached resistance.
Traders are now looking at the end over the $ 6.5 level. If Momentum carries the price higher, lines the calculated goals with market expectations around $ 10. Until then, the range has With bulls pressing The roof.
Failure to clear resistance can get the price back against $ 4 support. However, the broader trend remains upwards while the price remains inside the flagged structure. It holds the outbreak scenario in focus for investors who monitor the chart.
