Pendle experienced a 53% rise in daily trading volume recently, with its price currently at 4.28 USD. Targets for the token are set at 4.5 USD and 4.62 USD.
The market structure for Pendle has shifted from bearish to bullish following the break of local resistance at 3.64 USD. This change is supported by a recovery from long-term lows, indicating positive market sentiment.
A dip to 4.2 USD is anticipated for mid-channel retesting before potential upward movement. If the price surpasses 4.62 USD, it could pave the way for a target of 7 USD.
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