{"id":28824,"date":"2026-05-02T09:45:00","date_gmt":"2026-05-02T08:45:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=28824"},"modified":"2026-05-02T14:51:53","modified_gmt":"2026-05-02T13:51:53","slug":"pendle-price-breakout","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/pendle-price-breakout\/","title":{"rendered":"PENDLE breaks out: Will the price surge to $2.35?"},"content":{"rendered":"\n

PENDLE Smashes Through Its Bearish Channel: A Massive Reversal?<\/h2>\n\n\n\n

The crypto market recently witnessed a spectacular move from PENDLE<\/strong>, which is currently trading in a price zone between $1.52 and $1.58<\/strong> according to the latest market data. The asset recorded a staggering 17.71%<\/strong> surge, initially propelling its price to $1.47 and cleanly breaking a descending channel that had trapped the price for several weeks. This breakout marks a potential end to the bearish<\/strong> structure that had been weighing on the token.<\/p>\n\n\n\n

\"Pendle<\/figure>\n\n\n\n

This breakout<\/strong> did not happen in a vacuum. Trading volumes exploded by 108.05%<\/strong> to reach $76.11 million, proving genuine buyer enthusiasm. This buying pressure was exacerbated by a massive short squeeze<\/strong>: over $110,990 in short positions were liquidated, compared to just $38,730 for long positions. Short sellers were forced to buy back their positions, thereby fueling the rally<\/strong>.<\/p>\n\n\n\n

By forming higher lows above the critical support<\/strong> of $0.983<\/strong>, PENDLE is demonstrating remarkable resilience. Buyers have clearly regained control, limiting any risk of a deep retracement<\/strong> in the short term. However, caution remains advised as the price approaches higher liquidity zones.<\/p>\n\n\n\n

The 3 day chart shows a major liquidity zone around $2.40, where sell order blocks are located. If the upward momentum continues for PENDLE, these areas will need to be monitored, as smart money could once again position itself on the sell side to defend this zone.<\/p>\n\n\n\n

Do Technical Indicators Confirm This New Bull Run?<\/h2>\n\n\n\n

While the price action is undeniably bullish, technical analysis further supports this scenario. The DMI (Directional Movement Index) indicator displays a highly favorable setup for the bulls. The ADX, which measures trend strength, has climbed to 27.66<\/strong>, signaling robust directional momentum. Furthermore, the +DI (24.44) largely dominates the -DI (9.73), confirming that buying pressure is currently suffocating the sellers.<\/p>\n\n\n\n

\"Pendle<\/figure>\n\n\n\n

Despite this obvious strength, the price of PENDLE is experiencing notable compression below the major resistance<\/strong> of $1.681<\/strong>. This area acts as a true glass ceiling where supply remains abundant. Traders who accumulated during the previous correction<\/strong> might be tempted to take profits, thereby creating selling pressure capable of slowing down the current momentum.<\/p>\n\n\n\n

Indeed, the 4 hour chart (featuring the FBB and order blocks) confirms that the $1.63 to $1.68 range constitutes a short term bearish reversal zone.<\/p>\n\n\n\n

For a genuine bull run<\/a><\/strong> to take shape, the asset will need to absorb this supply without suffering a violent rejection. The absence of bearish divergence on indicators like the RSI<\/strong> or the MACD<\/strong> on lower timeframes provides hope, but the battle around $1.681 will be decisive for the continuation of the move.<\/p>\n\n\n\n

Can PENDLE Explode and Reach $2.35?<\/h2>\n\n\n\n

The scenarios for the coming days are clear. If buyers manage to maintain the current structure and force a breakout<\/strong> above $1.681<\/strong>, the path will be clear for bullish acceleration. In this bullish scenario, the next technical target sits at $2.35<\/strong>, a level that could massively attract capital and trigger a new wave of FOMO in the market.<\/p>\n\n\n\n

Conversely, a bearish scenario cannot be ruled out. If the $1.681 resistance proves insurmountable, PENDLE could suffer a severe correction<\/strong>. The inability to maintain higher lows would expose the token to a brutal return toward its fundamental support<\/strong> of $0.983<\/strong>. Exchange inflows will need to be closely monitored, as a sudden increase in supply could precipitate this drop.<\/p>\n\n\n\n

While volumes remain high and the market structure improves, the question arises for investors. However, the future of PENDLE primarily depends on the overall market trend, and especially that of Bitcoin. A rise to $1.65 <\/strong>during the weekend or the coming days remains highly probable.<\/p>\n\n\n\n

Sources<\/strong>:<\/p>\n\n\n\n