The launch of HyperEVM boosted Pendle’s price by 38% while trading volumes rose by 414%. The price breakout hints at more positive momentum, but the resistance at 7.50 USD may impact further increases.
August 11 is critical as over 90% of PENDLE’s supply will be unlocked, sparking potential profit-taking among traders. Whale transactions to Binance have raised alarms over price stability, suggesting future volatility.
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