$PENDLE flat at $2.19 as traders hedge future yield expectations amidst macro uncertainty.
What's Happening:
New pools for RWA assets launch.
TVL reaches new milestone.
"Points" speculation drives volume on the platform.
Price holding the 200-day trendline.
Why It Matters:
Pendle created a new market category: Yield Trading. In a mature market, the ability to hedge or speculate on rates is essential. Pendle has the first-mover advantage here.
Technical View:
Consolidation pattern. $2.10 is major support. $2.35 is the breakout level. Watching for a volume spike to determine direction.
🎯 Key Levels:
Support: $2.10 | Resistance: $2.35
24h Range: $2.15 - $2.22
💡 "Yield is the new interest rate. Pendle lets you trade it."
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Pendle #DeFi #YieldTrading #Points #Crypto
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
