Bittime – Pendle has witnessed a tremendous surge in trading volume, increasing by 80% in the last 24 hours. This increase was accompanied by a price gain of 28% over four days, surpassing the 20-day Exponential Moving Average (EMA). Since 2023, the price of Pendle has soared by 10,000%, continuously setting new record highs.
Pendle's Higher High and Higher Low Are Getting Better, Potential Buy?
In recent months, Pendle has followed a pattern of creating higher highs and higher lows, indicating a strong uptrend. Currently, the price of the digital asset stands at $5.00, marking an intraday gain of 5.53%.
With a circulating supply of 153,917,215 PENDLE out of a total supply of 258,446,028 PENDLE, Pendle has a market capitalization of $765.40 million and a 24-hour trading volume of $145.84 million.
The Influence of Social Media on Pendle Prices
A significant decline in social media engagement since April has accompanied a negative price reaction for Pendle. Increased awareness and engagement on social platforms could push prices towards new record highs.
Pendle Price Increase Prediction at the End of May: Will it Touch 7$?
Pendle has been experiencing a bullish trend with the latest correction near the $7 resistance level. However, the price has bounced above the 20-day EMA, indicating renewed buyer interest.
If Pendle maintains this level, it could signal a push towards higher prices, especially if trading volume and social media engagement continue to grow.
Conversely, a decline below the 20-day EMA may signal a continuation of the correction phase. Technical indicators such as Bollinger Bands show that Pendle is ready for bullish momentum, as the price has surpassed the Base line and is moving towards the Top line.
PENDLE to IDR via Bittime Exchange
Latest Info on Swell L2 Pre-Launch
Swell L2, a Layer 2 restacking solution , has opened for pre-launch deposits. Accepted assets include swETH, rswETH, and eETH, among others. Early depositors through May 8, 2024 will receive a prorated share of one million EigenLayer Points.
Additionally, depositors will benefit from a SWELL airdrop following the launch of Swell L2, with the potential for further airdrops from projects built on the platform.
Check Today's Crypto Market:
Conclusion
Pendle has shown strong bullish performance with several corrective phases. Currently, technical indicators highlight buyer dominance as the price remains above the key moving average. The digital asset may face resistance near $5 and $7 in the coming sessions, with support levels at $3.85 and $2.40.
Important points regarding price movements
Technical Levels to Watch Resistance Levels: $5.00, $7.00
Support Levels: $3.85, $2.40 Investors should pay attention to market trends and social media engagement to assess Pendle's potential for a new record.
How to Buy Pendle (PENDLE) on Bittime
You can buy and sell Pendle (PENDLE) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Pendle (PENDLE) is available on Bittime with the market pair PENDLE/IDR . To be able to buy PENDLE IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor the price chart movements of Pendle (PENDLE), Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Post-Rally Pendle (PENDLE) Price Drop: End of Uptrend?
PENDLE: Rising Prices and the Post-EigenLayer Future
Potential RWA Projects: Ondo, Maker, Pendle, and Parcl
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time t
Comments
0 comments
Please sign in to leave a comment.