🚨 PENDLE/USDT: Bullish Divergence Detected! Is It Time to Rebound? 🚀

Hello altcoin enthusiasts! Today's AltcoinRadarID monitoring is focused on PENDLE which is showing interesting dynamics amidst global market pressure. After experiencing a sharp correction, there are "hidden" signals starting to appear on the chart. Let's break it down!

📉 Current Market Condition

Price Action: PENDLE briefly touched a daily low around $1.7224. Although the overall trend is still bearish (below the main MA), the price is starting to show resistance at the psychological support area.

Momentum RSI: On lower timeframes, a fairly strong Bullish Divergence is visible. While the price forms lower lows, the RSI indicator is forming higher lows—a classic signal that selling pressure is beginning to wane.

Volume & Whale: Interestingly, on-chain data shows whale activity accumulating about $6.3 million PENDLE amidst this correction. Additionally, there is a lock of 1.5 million PENDLE until 2028, indicating long-term confidence from major investors.

🛠 Fundamental Update

sPENDLE Launch: The transition from vePENDLE to the more flexible sPENDLE model has just begun. This change is projected to reduce token emissions by up to 30%, which is deflationary for the Pendle ecosystem in the long run.

🎯 Trading Strategy (Radar Setup)

If you're planning to enter, pay attention to the following levels:

Entry Area: Range $1.72 - $1.74 (take advantage of the oversold momentum).

Resistance/TP: Nearest target at $1.89 (Market TP) up to $2.08 if the bullish divergence is fully confirmed.

Support/SL: Keep tight below $1.69 or new low level to limit risk.

Conclusion:

Technically, PENDLE is in an "extreme discount" area (oversold). The accumulation by whales provides hope for a relief rally in the near future. Always use risk management and don’t FOMO!

What do you think? $PENDLE will return to $2 this week or continue sideways? Comment below! 👇

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