Convergence

Pendle

Token

Divergence

<p>The post <a href="https://coinpedia.org/price-analysis/pendle-price-soars-11-today-pendle-to-hit-new-ath-this-week/">PENDLE Price To Hit New ATH This Week As It Soars 11% Today?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The Pendle token has caught the attention of the market with the network’s unique ability to bring native crypto protocols to the DeFi. Recently, the Pendle price successfully claimed the 63rd spot in the list of top 100 cryptocurrencies by market cap with a valuation of over $1.55 Billion.</p> 
<p>In addition to this, the co-founder of BitMex, Arthur Hayes’ has recently endorsed Pendle as an important derivate exchange at the Token 2049 in Dubai, resulting in the price recording a jump of 10% within the past 24 hours with its volume recording a surge, of 124.86% during this time.&nbsp;&nbsp;</p> 
<h2 class="wp-block-heading" id="h-pendle-token-records-a-bullish-price-action">Pendle Token Records A Bullish Price Action!</h2> 
<p>The Pendle token has displayed a bullish price action since the year started, indicating a positive outlook for this altcoin during the upcoming months. Despite the altcoin trading in a closed range since the start of April, the Pendle price has successfully recorded a new ATH of $7.52 on 11th April.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/35pd440qIejqTJSw-cy9xZDx-KR0S8Es5xrYJ74-xPaM36jJ1PPu3FUcWzjg1zYBAyV-bnXpYcm6ZqPbutHx3vBj6jmgR853wi8l1u3nFyC2eDxBz_m-b6Wbd8neQpcZRkltGVZ0X9WUBdpLjYF7Ids" alt="PENDLE Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: PENDLE/USDT
 </figcaption>
</figure> 
<p>Following this, the bulls lost momentum and recorded a correction of 12.35%. Since then, the coin has been trading between $5.735 and $7.00. However, at the time of writing, the price of the Pendle token was $6.510 with a 30-day return of 90.85% and a Year-to-Date (YTD) gain of 448.10%.</p> 
<p>The Moving Average Convergence Divergence (MACD) displays a constant decline in the red histogram, indicating a decrease in the selling pressure. Moreover, the averages show high potential for a bullish convergence in the 1D time frame, suggesting a bullish outlook for the altcoin in the coming time.</p> 
<h2 class="wp-block-heading" id="h-will-pendle-price-increase">Will PENDLE Price Increase?</h2> 
<p>If the market pushes the price above its important resistance level of $7, the bulls will regain momentum and retest its ATH of $7.52 this week. Maintaining the price at that level will set the stage for the PENDLE price to attempt to test its upper resistance level of $8.50 this month.</p> 
<p>Conversely, if a trend reversal occurs, the bulls will start trading under a bearish influence and test its support level of $5.73. Furthermore, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $4.785.</p>

PENDLE Price To Hit New ATH This Week As It Soars 11% Today?

目次

CoinPedia News

2024年4月23日公開の他の記事

Doubts Arise: Is the Warren Cryptocurrency Wealth Tax Letter Legitimate?

3 Defensive Stocks to Protect Your Portfolio in 2024

Philippines SEC Warns Public, Blocks Binance from Google, Apple App Stores

Quantum Resistant Ledger (QRL) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Venezuela Moves Oil Sales to Tether (USDT) Amid US Sanctions

Tech Companies Urged to Combat Surge in AI-Generated Child Sexual Abuse Material

ニュースレターを購読して暗号資産の最新情報を毎日入手！