🧭 Technical analysis – PENDLE/USDT (weekly)
In the weekly chart, PENDLE remains within a descending triangle structure, with increasingly lower highs and a well-defined horizontal support in the 1.95–2.00 range. This support has been tested repeatedly, reinforcing its technical relevance.
The downward trendline continues to act as dynamic resistance, limiting attempts at price recovery. As long as there is no consistent breakout of this trendline, the structural bias remains pressured.
The RSI(6) is near the oversold region, indicating weakening of the selling movement and possible loss of momentum, but still without a clear reversal signal.
Technical scenarios:
Main support: 1.95–2.00
Main resistance: region of the downward trendline, currently near 2.40–2.50
The breakout of the triangle tends to define the next directional movement, with increased volatility.
Merely educational analysis. This is not an investment recommendation. Each investor should assess their own risks.
$PENDLE #PENDLEUSDT #PendleDeFi