Pendle is Predicted to Reach $5.36 By Nov 09, 2024

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Pendle is down -6.96% today against the US Dollar
• PENDLE/BTC decreased by -6.63% today
• PENDLE/ETH decreased by -5.62% today
• Pendle is currently trading 22.01% below our prediction on Nov 09, 2024
• Pendle gained 9.93% in the last month and is up 341.23% since 1 year ago

PENDLE price is expected to rise by 29.89% in the next 5 days according to our Pendle price prediction

is trading at $ 4.18 after losing -6.96% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -4.62% in the same time period. PENDLE performed poorly against BTC today and recorded a -6.63% loss against the world’s largest cryptocurrency.

According to our Pendle price prediction, PENDLE is expected to reach a price of $ 5.36 by Nov 09, 2024. This would represent a 29.89% price increase for PENDLE in the next 5 days.

PENDLE Price Prediction Chart

Buy/Sell Pendle

What has been going on with Pendle in the last 30 days

Pendle has been displaying a positive trend recently, as the coin gained 9.93% in the last 30-days. The medium-term trend for Pendle has been bullish, with PENDLE increasing by 53.50% in the last 3 months. The long-term picture for Pendle has been positive, as PENDLE is currently displaying a 341.23% 1-year price change. On this day last year, PENDLE was trading at $ 0.947215.

Pendle reached its all-time high price on Apr 11, 2024, when the price of PENDLE peaked at $ 7.46. The current PENDLE cycle high is $ 5.26, while the cycle low is at $ 1.85. PENDLE has been displaying low volatility recently – the 1-month volatility of the coin is at 8.96. Pendle recorded 16 green days in the last 30 days.

Pendle technical analysis for today – Nov 05, 2024

The sentiment in the Pendle markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 4.23, $ 4.04 and $ 3.85, while $ 4.61, $ 4.79 and $ 4.98 are the key resistance levels.

Bearish sentiment for Pendle

13 indicators are currently signaling a bullish prediction for Pendle, while 14 indicators are showing a bearish forecast. With 52% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Pendle.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 69 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Pendle moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Pendle is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Pendle is at 46.99, suggesting that PENDLE is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Pendle over the last 50 days. Currently, Pendle is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the PENDLE closing price for the last 200 days. PENDLE is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Pendle prediction

After considering the above factors, we can conclude that the current forecast for Pendle price prediction is Bearish. PENDLE would have to increase by 29.89% to hit our $ 5.36 target within the next five days. Moving forward, it will be important to monitor the PENDLE market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Pendle price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.