$PENDLE
/USDT – Bullish Continuation Setup With Breakout Pressure Building
PENDLE/USDT is trading at 1.298 USDT, posting a solid +10.37% daily gain, reflecting strong buying interest in the DeFi sector. The pair recently tested the 1.306–1.316 resistance zone, with a 24h high at 1.306 and price currently holding just below breakout territory. The recovery from the 1.124 daily low confirms a strong bullish reversal structure, supported by healthy liquidity of 4.65M PENDLE and 5.72M USDT volume. Intraday structure shows higher lows forming around 1.185 → 1.229 → 1.272, indicating buyers are stepping in on dips and defending key support zones. Momentum remains positive across 15m–1H frames, signaling sustained accumulation.
For traders, the critical decision zone lies between 1.306–1.316. A confirmed breakout with strong volume above 1.316 could trigger momentum continuation toward 1.35–1.40 psychological resistance levels. However, failure to break and close above this zone may lead to a healthy retracement toward 1.27 or even 1.23, offering structured re-entry opportunities. Smart traders should avoid chasing resistance and instead wait for either breakout confirmation or pullback stabilization. With current strength and controlled volatility, PENDLE remains an attractive short-term momentum play, suitable for breakout traders and dip buyers seeking high-probability setups with disciplined risk management.