$PENDLE Buy on dips Buy on lows Must allocate target
I. Overall Trend Analysis (Core)
Current price: $2.140. This is a highly strategic level. Looking back to early 2024, $2.00 - $2.20 was the breakout point before the previous major rally and also the strong support level after subsequent pullbacks (deep V-bottom). The price has now returned to this level, forming a potential 'major-level double bottom' structure. For a leading project in the DeFi yield sector, this is the last defensive line that bulls must hold.
PENDLE is in a high-risk-reward left-side positioning zone. Fundamentally, the LSDFi and token trading narratives remain intact. Technically, falling back to $2.00 indicates that most of the bubble has been squeezed out. As long as $2.00 is not broken decisively, this level represents a golden buying opportunity for medium to long-term investors.
II. Key Levels
Resistance Levels:
Short-term resistance: $3.000 - $3.200. Recent rebound highs during the downtrend. Recapturing this area confirms stabilization.
Strong resistance: $4.500. The neckline of the M-top pattern, a major medium-term resistance.
Support Levels:
Diamond bottom: $2.000 - $2.100. The current range of real candlestick movement. Strong support repeatedly validated by history.
Extreme bottom: $1.500. If $2.00 is broken, the price will head directly toward the starting point of the current rally.
III. Volume Signals
Consolidation with shrinking volume.
Compared to the active volume seen above $6.00, current trading volume is relatively quiet.
Sentiment cooling. Selling pressure is waning, and the market is awaiting new catalysts.
IV. Trading Strategy
Holders: Hold patiently.
Strategy: PENDLE is one of the most fundamentally solid DeFi protocols in this cycle.
Advice: Selling at $2.10 would be irrational. Hold firm and bet on a rebound.
Non-holders: Ideal time for dollar-cost averaging.
Strategy: Suitable for medium to long-term allocation.
Buy: Boldly buy at current price of $2.10 - $2.20.
Stop-loss: Exit if price drops below $1.80.
Target: Short-term target $3.00 (+40%), long-term target $5.00+.
V. Summary
PENDLE is a 'gem in DeFi'. Recommended to buy on dips as a core allocation within the DeFi sector.