Decoding Price Outlook Amid Listing News By UpBit

7 Ağu

From the ATL of $0.475 marked in 2023 last quarter, the price had marked an ATH of $7.53, with humongous gains of more than 1400%.

The struggle to sustain the price led to a plummet in a falling wedge. Similarly, the global red market sentiment accelerated the fall and dipped early to the demand zone from the lower boundary of the wedge.

However, PENDLE’s price has seen a longer-term decline of 120 days, deteriorating more than 75%. The recent price surge has three factors, such as a global optimism, Pendle at a demand zone, and the latest coinciding news of listing announcement from Upbit. These give an upper hand for its price to surge.

However, the resume of a bullish trend would get a confirmation after sustenance shown above the Change of Character level of $3.36 which would wave the green flag.

Therefore, if the price Surges, then the resistance would be present at $3.36, and $3.90, followed by support at $2.40, and $2.00, respectively.