Pendle has emerged as one of the first symbols per day, as a price increased by approximately 10 % and an arrangement between the first three winners. When writing, the distinctive symbol is traded at $ 4.26 with a 24 -hour trading volume increased by approximately 25 %.
The best Master Ananda analysts sets a technical scheme on X that can support the transition of the PENDLE price of about $ 11 and $ 16 in the next 3-6 months. The tweet mentions the presence of a long -term double bottom and Adam and Eve, with the support of the heart of a confirmed resistance on May 9.
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Pondle technical patterns support continued ascending
The Master Ananda chart refers to a well -defined technical structure with many historical resistance levels that turn into support. The horizontal blue band, which served as resistance within several months in 2024 and 2025, works as a confirmed support zone after the last collapse. This area is located near the current price from 4.15 – 4.30 dollars.
Multiple bullish patterns were formed, including a dual bottom that runs from January to March 2025, with the neck line broken earlier this month. This composition indicates a possible reflection in the direction of the long -term direction. Besides, the ADAM & EVE style, which includes a sharp V -shaped bottom, followed by one round, is also visible. These configurations are usually associated with trend transformations and now completed their outbreak over the neckline area.
Moreover, the graph includes the levels of retreat and extension Fibonacci that are in line with the expected price goals of PENDLE. The main resistance is located in the short term at the level of 0.618 and 0.786 Vibonacci, about $ 5.25 and $ 6.50, respectively. Additional extension levels put long -term goals at $ 11 and $ 16, assuming the continuation of the upward trend. These numbers are identical to the Master Ananda in a tweet, which enhances the expectations for the continuous upward movement.
Support near $ 2.00 to $ 2.50 has proven reliable during recent lower declines and could serve as a safety zone in the event of short -term decline. The current price behavior is compatible with accumulation strategies and penetration strategies that often appear before strong gatherings.
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The timing of the collapse and market behavior
The graphic analysis indicates that Pendle Price has begun to recover from the lowest level on March 11, which is gradually moving up in the past two months. The outbreak of May 9 is over the resistance, followed by several days of a successful re -test, a technical shift. The volume of volume during the phase of the penetration and the decreasing size during the decline reflects a health trading activity, which supports the upscale momentum.
The price structure is now the highest level and its highest level. This preparation, associated with tested support, paves the way for a possible unification period before further upward trend. If the momentum continues, reaching the previously mentioned goals within a 3-6-month window will be technically possible.
An analyst and society’s perspective
Master Ananda tweeting a clear road map, backed by graphic guides. The suggestion that the market cycle turns consistent with both the size of the size and the price structure. Traders showed Penle’s price The trading volume continues to rise, as it is in line with the increasing feelings across the broader market.
This setting reflects wider trends in the encryption markets, where structural patterns and penetration assurances play a major role in determining momentum. As long as the price exceeds the scope of the current subsidy, the market conditions prefer the continuous bullish behavior in the short term.
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