Pendle

2024

Resistance

Status

<ul class="wp-block-list">
 <li><strong>Bullish PENDLE price prediction for 2024 is $5.559 to </strong><strong>$8.985</strong><strong>.&nbsp;&nbsp;</strong></li>
 <li><strong>Pendle (PENDLE) price might reach $10 soon.</strong></li>
 <li><strong>Bearish PENDLE price prediction for 2024 is $1.943.</strong></li>
</ul>
<p>In this Pendle (PENDLE) <a href="https://thenewscrypto.com/markets/price-prediction/" target="_blank" rel="noopener noreferrer nofollow">price prediction</a> 2024, 2025-2030,&nbsp; we will analyze the price patterns of PENDLE by using accurate trader-friendly technical analysis indicators and predict the future movement of the <a href="https://thenewscrypto.com/tag/cryptocurrency/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency</a>.</p>
<figure class="wp-block-table aligncenter">
 <table>
  <tbody>
   <tr>
    <td><strong>
      <div align="center">
       TABLE OF CONTENTS
      </div></strong></td>
   </tr>
   <tr>
    <td>
     <div align="center">
      INTRODUCTION
     </div></td>
   </tr>
   <tr>
    <td>
     <ul>
      <li>Pendle (PENDLE) Current Market Status</li>
      <li>What is Pendle (PENDLE)?</li>
      <li>Pendle (PENDLE) 24H Technicals</li>
     </ul></td>
   </tr>
   <tr>
    <td>
     <div align="center">
      Pendle (PENDLE) PRICE PREDICTION 2024
     </div></td>
   </tr>
   <tr>
    <td>
     <ul>
      <li>Pendle (PENDLE) Support and Resistance Levels</li>
      <li>Pendle (PENDLE) Price Prediction 2024 — RVOL, MA, and RSI</li>
      <li>Pendle (PENDLE) Price Prediction 2024 — ADX, RVI</li>
      <li>Comparison of PENDLE with BTC, ETH</li>
     </ul></td>
   </tr>
   <tr>
    <td>Pendle (PENDLE) PRICE PREDICTION 2025, 2026-2030</td>
   </tr>
   <tr>
    <td>CONCLUSION</td>
   </tr>
   <tr>
    <td>FAQ</td>
   </tr>
  </tbody>
 </table>
</figure>
<h2 class="wp-block-heading" id="h-pendle-pendle-current-market-status">Pendle (PENDLE) Current Market Status</h2>
<figure class="wp-block-table is-style-regular">
 <table>
  <tbody style="box-shadow: 0px 2px 4px rgb(3 4 28 / 50%);">
   <tr style="background-color: rgb(2 86 121 / 40%);">
    <td style="border: 1px solid #01557b;">Current Price</td>
    <td style="border: 1px solid #01557b;">$4.66</td>
   </tr>
   <tr>
    <td style="border: 1px solid #01557b;">24 – Hour Price Change</td>
    <td style="border: 1px solid #01557b;">5.20% Down</td>
   </tr>
   <tr style="background-color: rgb(2 86 121 / 40%);">
    <td style="border: 1px solid #01557b;">24 – Hour Trading Volume</td>
    <td style="border: 1px solid #01557b;">$74.66M</td>
   </tr>
   <tr>
    <td style="border: 1px solid #01557b;">Market Cap</td>
    <td style="border: 1px solid #01557b;">$74.66M</td>
   </tr>
   <tr style="background-color: rgb(2 86 121 / 40%);">
    <td style="border: 1px solid #01557b;">Circulating Supply</td>
    <td style="border: 1px solid #01557b;">161.11M PENDLE</td>
   </tr>
   <tr>
    <td style="border: 1px solid #01557b;">All – Time High</td>
    <td style="border: 1px solid #01557b;">$7.52 (On April 11, 2024) &nbsp;</td>
   </tr>
   <tr style="background-color: rgb(2 86 121 / 40%);">
    <td style="border: 1px solid #01557b;">All – Time Low</td>
    <td style="border: 1px solid #01557b;">$0.03349 (On Nov 10, 2022) &nbsp;</td>
   </tr>
  </tbody>
 </table> <em>
  <figcaption class="wp-element-caption" style="text-align: center;">
   PENDLE Current Market Status (Source: <a href="https://coinmarketcap.com/currencies/pendle/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>)
  </figcaption></em>
</figure>
<h2 class="wp-block-heading" id="h-what-is-pendle-pendle">What is Pendle (PENDLE)</h2>
<figure class="wp-block-table is-style-stripes">
 <table class="has-fixed-layout">
  <tbody>
   <tr>
    <td><strong>TICKER</strong></td>
    <td>PENDLE</td>
   </tr>
   <tr>
    <td><strong>BLOCKCHAIN</strong></td>
    <td>Ethereum Blockchain</td>
   </tr>
   <tr>
    <td><strong>CATEGORY</strong></td>
    <td>DeFi Protocol&nbsp;</td>
   </tr>
   <tr>
    <td><strong>LAUNCHED ON</strong></td>
    <td>June 2021</td>
   </tr>
   <tr>
    <td><strong>UTILITIES</strong></td>
    <td>Governance, yield trading, Staking &amp; rewards</td>
   </tr>
  </tbody>
 </table>
</figure>
<p><a href="https://thenewscrypto.com/how-will-pendles-1-64m-transfer-to-binance-impact-its-price/" target="_blank" rel="noopener noreferrer nofollow">Pendle</a> Finance is a yield tokenization protocol on Ethereum. The platform provides users the opportunity to speculate and hedge future yields. PENDLE is the native token of Pendle Finance . It is used for governance, to tokenize yields and ownerships and liquidity.&nbsp;</p>
<p>Pendle Finance was founded in 2021 by a pseudo-anonymous team known as TN lee, GT, YK, and Vu. The platform recently witnessed a security breach on its <a href="https://thenewscrypto.com/pendle-safeguards-major-funds-amid-penpie-security-breach/" target="_blank" rel="noopener noreferrer nofollow">Penpie</a> yield optimization tool within the ecosystem. The firm later announced that it safeguarded the funds after the attack.&nbsp;</p>
<h2 class="wp-block-heading" id="h-pendle-24h-technicals">Pendle 24H Technicals</h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" width="1024" height="388" src="https://thenewscrypto.com/wp-content/uploads/2024/11/PENDLE-24H-Technicals-1024x388.jpg" alt="" class="wp-image-112561" srcset="https://thenewscrypto.com/wp-content/uploads/2024/11/PENDLE-24H-Technicals-1024x388.jpg 1024w, https://thenewscrypto.com/wp-content/uploads/2024/11/PENDLE-24H-Technicals-300x114.jpg 300w, https://thenewscrypto.com/wp-content/uploads/2024/11/PENDLE-24H-Technicals-768x291.jpg 768w, https://thenewscrypto.com/wp-content/uploads/2024/11/PENDLE-24H-Technicals.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>(Source: </em><a href="https://www.tradingview.com/symbols/PENDLEUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow"><em>TradingView</em></a><em>)</em>
  </figcaption>
 </figure>
</div>
<h2 class="wp-block-heading" id="h-pendle-pendle-price-prediction-2024">Pendle (PENDLE) Price Prediction 2024</h2>
<p>Pendle (PENDLE) ranks 86th on CoinMarketCap in terms of its market capitalization. The overview of the Pendle price prediction for 2024 is explained below with a daily time frame.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" src="https://www.tradingview.com/x/AqIwksoW" alt="">
  <figcaption class="wp-element-caption"><em>PENDLE/USDT Ascending Triangle Pattern (Source: </em><a href="https://www.tradingview.com/symbols/PENDLEUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow"><em>TradingView</em></a><em>)</em>
  </figcaption>
 </figure>
</div>
<p>In the above chart, Pendle (PENDLE) laid out the Ascending Triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and a lower trendline that connects the rising lows.&nbsp;</p>
<p>If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern.<br><br>At the time of analysis, the price of Pendle (PENDLE) was recorded at $4.807. If the pattern trend continues, then the price of PENDLE might reach the resistance levels of $5.449 and $16.236. If the trend reverses, then the price of PENDLE may fall to the support of $4.133 and $1.847.</p>
<h2 class="wp-block-heading" id="h-pendle-pendle-resistance-and-support-levels">Pendle (PENDLE) Resistance and Support Levels</h2>
<p>The chart given below elucidates the possible resistance and support levels of Pendle (PENDLE) in 2024.<br></p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" src="https://www.tradingview.com/x/eiw5ix7y/" alt="">
  <figcaption class="wp-element-caption"><em>PENDLE/USDT Resistance and Support Levels (Source: </em><a href="https://www.tradingview.com/symbols/PENDLEUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow"><em>TradingView</em></a><em>)</em>
  </figcaption>
 </figure>
</div>
<p>From the above chart, we can analyze and identify the following as resistance and support levels of Pendle (PENDLE) for 2024.</p>
<figure class="wp-block-table is-style-stripes">
 <table class="has-fixed-layout">
  <tbody>
   <tr>
    <td>Resistance Level 1</td>
    <td>$5.559</td>
   </tr>
   <tr>
    <td>Resistance Level 2</td>
    <td>$8.985</td>
   </tr>
   <tr>
    <td>Support Level 1</td>
    <td>$3.272</td>
   </tr>
   <tr>
    <td>Support Level 2</td>
    <td>$1.943</td>
   </tr>
  </tbody>
 </table>
 <figcaption class="wp-element-caption"><em>PENDLE Resistance &amp; Support Levels</em>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="h-pendle-pendle-price-prediction-2024-rvol-ma-and-rsi">Pendle (PENDLE) Price Prediction 2024 — RVOL, MA, and RSI</h2>
<p>The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Pendle (PENDLE) are shown in the chart below.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" src="https://www.tradingview.com/x/tojuyms7/" alt="">
  <figcaption class="wp-element-caption"><em>PENDLE/USDT RVOL, MA, RSI (Source: </em><a href="https://www.tradingview.com/symbols/PENDLEUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow"><em>TradingView</em></a><em>)</em>
  </figcaption>
 </figure>
</div>
<p>From the readings on the chart above, we can make the following inferences regarding the current Pendle (PENDLE) market in 2024.</p>
<figure class="wp-block-table is-style-stripes">
 <table class="has-fixed-layout">
  <tbody>
   <tr>
    <td><strong>INDICATOR</strong></td>
    <td><strong>PURPOSE</strong></td>
    <td><strong>READING</strong></td>
    <td><strong>INFERENCE</strong></td>
   </tr>
   <tr>
    <td>50-Day Moving Average (50MA)</td>
    <td>Nature of the current trend by comparing the average price over 50 days</td>
    <td>50 MA = $4.151<br>Price = $4.781<br><em>(50MA &lt; Price)</em></td>
    <td>Bullish/Uptrend</td>
   </tr>
   <tr>
    <td>Relative Strength Index (RSI)</td>
    <td>Magnitude of price change;Analyzing oversold &amp; overbought conditions</td>
    <td>55.876<br><em>&lt;30 = Oversold<br>50-70 = Neutral</em><br><em>&gt;70 = Overbought</em></td>
    <td><em>Neutral</em></td>
   </tr>
   <tr>
    <td>Relative Volume (RVOL)</td>
    <td>Asset’s trading volume in relation to its recent average volumes</td>
    <td>Below cutoff line</td>
    <td>Weak volume</td>
   </tr>
  </tbody>
 </table>
</figure>
<h2 class="wp-block-heading" id="h-pendle-pendle-price-prediction-2024-adx-rvi">Pendle (PENDLE) Price Prediction 2024 — ADX, RVI</h2>
<p>In the below chart, we analyze the strength and volatility of Pendle (PENDLE) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" src="https://www.tradingview.com/x/4BHxYjyp/" alt="">
  <figcaption class="wp-element-caption"><em>PENDLE/USDT ADX, RVI (Source: </em><a href="https://www.tradingview.com/symbols/PENDLEUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow"><em>TradingView</em></a><em>)</em>
  </figcaption>
 </figure>
</div>
<p>From the readings on the chart above, we can make the following inferences regarding the price momentum of Pendle (PENDLE).</p>
<figure class="wp-block-table is-style-stripes">
 <table class="has-fixed-layout">
  <tbody>
   <tr>
    <td><strong>INDICATOR</strong></td>
    <td><strong>PURPOSE</strong></td>
    <td><strong>READING</strong></td>
    <td><strong>INFERENCE</strong></td>
   </tr>
   <tr>
    <td>Average Directional Index (ADX)</td>
    <td>Strength of the trend momentum</td>
    <td>26.379</td>
    <td>Strong Trend</td>
   </tr>
   <tr>
    <td>Relative Volatility Index (RVI)</td>
    <td>Volatility over a specific period</td>
    <td>69.27<br><em>&lt;50 = Low</em><em><br></em><em>&gt;50 = High</em></td>
    <td>High Volatility</td>
   </tr>
  </tbody>
 </table>
</figure>
<h2 class="wp-block-heading" id="h-comparison-of-pendle-with-btc-eth">Comparison of PENDLE with BTC, ETH</h2>
<p>Let us now compare the price movements of Pendle (PENDLE) with that of Bitcoin (BTC), and Ethereum (ETH).</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" src="https://www.tradingview.com/x/G8TVYLEs/" alt="">
  <figcaption class="wp-element-caption"><em>BTC Vs ETH Vs PENDLE Price Comparison (Source: </em><a href="https://www.tradingview.com/symbols/PENDLEUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow"><em>TradingView</em></a><em>)</em>
  </figcaption>
 </figure>
</div>
<p>From the above chart, we can interpret that the price action of PENDLE is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of PENDLE also increases or decreases respectively.</p>
<h2 class="wp-block-heading" id="h-pendle-pendle-price-prediction-2025-2026-2030">Pendle (PENDLE) Price Prediction 2025, 2026 – 2030</h2>
<p>With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Pendle (PENDLE) between 2025, 2026, 2027, 2028, 2029, and 2030.</p>
<figure class="wp-block-table is-style-stripes">
 <table class="has-fixed-layout">
  <tbody>
   <tr>
    <td><strong>Year&nbsp;</strong></td>
    <td><strong>Bullish Price&nbsp;</strong></td>
    <td><strong>Bearish Price</strong></td>
   </tr>
   <tr>
    <td>Pendle (PENDLE) Price Prediction 2025</td>
    <td>$11</td>
    <td>$1</td>
   </tr>
   <tr>
    <td>Pendle (PENDLE) Price Prediction 2026</td>
    <td>$12</td>
    <td>$0.9</td>
   </tr>
   <tr>
    <td>Pendle (PENDLE) Price Prediction 2027</td>
    <td>$13</td>
    <td>$0.8</td>
   </tr>
   <tr>
    <td>Pendle (PENDLE) Price Prediction 2028</td>
    <td>$14</td>
    <td>$0.7</td>
   </tr>
   <tr>
    <td>Pendle (PENDLE) Price Prediction 2029</td>
    <td>$16</td>
    <td>$0.6</td>
   </tr>
   <tr>
    <td>Pendle (PENDLE) Price Prediction 2030</td>
    <td>$18</td>
    <td>$0.5</td>
   </tr>
  </tbody>
 </table>
</figure>
<h2 class="wp-block-heading" id="h-conclusion">Conclusion</h2>
<p>If Pendle (PENDLE) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Pendle (PENDLE) price prediction for 2024 is $8.985. Comparatively, if unfavorable sentiment is triggered, the bearish Pendle (PENDLE) price prediction for 2024 is $1.943.&nbsp;</p>
<p>If the market momentum and investors’ sentiment positively elevate, then Pendle (PENDLE) might hit $10. Furthermore, with future upgrades and advancements in the Pendle ecosystem, PENDLE might surpass its current all-time high (ATH) of $7.52 and mark its new ATH.&nbsp;</p>
<h2 class="wp-block-heading" id="h-faq">FAQ</h2>
<h4 class="wp-block-heading"><strong>1. What is Pendle (PENDLE)?</strong></h4>
<p>Pendle is a protocol situated within the decentralized finance (DeFi) ecosystem, focusing on the innovative concept of tokenizing and trading future yield.</p>
<h4 class="wp-block-heading"><strong>2. Where can you purchase Pendle (PENDLE)?</strong></h4>
<p>Traders can trade Pendle (PENDLE) on the following cryptocurrency exchanges such as KuCoin, Binance, CoinEx, Kraken, OKX, and Bybit.</p>
<h4 class="wp-block-heading"><strong>3. Will Pendle (PENDLE) reach a new ATH soon?</strong></h4>
<p>With the ongoing developments and upgrades within the Pendle platform, Pendle (PENDLE) has a high possibility of reaching its ATH soon.</p>
<p><strong>4. What is the current all-time high (ATH) of Pendle (PENDLE)?</strong></p>
<p>Pendle (PENDLE) hit its current all-time high (ATH) of $7.52 on Apr 11, 2024.</p>
<h4 class="wp-block-heading"><strong>5. What is the lowest price of Pendle (PENDLE)?</strong></h4>
<p>According to CoinMarketCap, PENDLE hit its all-time low (ATL) of $0.03349 on Nov 10, 2022.</p>
<h4 class="wp-block-heading"><strong>6. Will Pendle (PENDLE) reach $10?</strong></h4>
<p>If Pendle (PENDLE) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $10 soon.</p>
<h4 class="wp-block-heading"><strong>7. What will be Pendle (PENDLE) price by 2025?</strong></h4>
<p>Pendle (PENDLE) price is expected to reach $11 by 2025.</p>
<h4 class="wp-block-heading"><strong>8. What will be Pendle (PENDLE) price by 2026?</strong></h4>
<p>Pendle (PENDLE) price is expected to reach $12 by 2026.</p>
<h4 class="wp-block-heading"><strong>9. What will be Pendle (PENDLE) price by 2027?</strong></h4>
<p>Pendle (PENDLE) price is expected to reach $13 by 2027.</p>
<h4 class="wp-block-heading"><strong>10. What will be Pendle (PENDLE) price by 2028?</strong></h4>
<p>Pendle (PENDLE) price is expected to reach $14 by 2028.</p>
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<p class="has-medium-font-size"><em>Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.</em></p>
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Pendle (PENDLE) Price Prediction 2024, 2025, 2026-2030

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