$PENDLE drops to $1.88 as DeFi yield sector faces aggressive selling pressure.
What's Happening:
Price Action: Pendle falls 10.2% to $1.88 — among the steeper DeFi declines.
TVL Impact: Yield trading volumes remain active as users reposition.
Yield Markets: PT/YT markets continue functioning — protocol utility intact.
Narrative Cooling: DeFi yield narrative taking backseat to broader risk-off.
Why It Matters:
Pendle's yield tokenization unlocked new DeFi primitives — but innovation doesn't protect from correlation. High-growth DeFi tokens face the sharpest corrections. The protocol's unique value proposition remains; market sentiment is temporary.
Technical View:
$1.70 is critical support. A hold could spark recovery toward $2.50. A breakdown risks $1.40. Volume elevated on selloff suggests some forced selling.
🎯 Key Levels:
Support: $1.70 | Resistance: $2.50
24h Range: $1.78 - $2.13
💡 "Yield tokenization is infrastructure. Pendle's innovation doesn't disappear in corrections — it just goes on sale."
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Pendle #PENDLE #DeFi #YieldTrading #CryptoNews
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.
