Krutika Adani
With an overnight jump of 9% a day before yesterday, Pendle Finance has breached the target of $5.
As the price crossed $6, a morning star pattern has formed on its daily charts.
Pendle Finance’s price may increase by another 50% after the trendline breakout.
If the pattern formation induces a bullish move, PENDLE might cross $9.16 soon.
RSI shows the continuation of bullish momentum, and the four-hourly EMA shows a positive crossover between 50 EMA and 200EMA.