PENDLE Price Breaks Major Trendline

Krutika Adani

Major Trendline Breaks

With an overnight jump of 9% a day before yesterday, Pendle Finance has breached the target of $5.

Morning Star Pattern on Daily Charts

As the price crossed $6, a morning star pattern has formed on its daily charts.

50% Upside

Pendle Finance’s price may increase by another 50% after the trendline breakout.

Next Targets

If the pattern formation induces a bullish move, PENDLE might cross $9.16 soon.

What Do Indicators Say?

RSI shows the continuation of bullish momentum, and the four-hourly EMA shows a positive crossover between 50 EMA and 200EMA.