Pendle Breaks $3.7 Resistance: Pay Attention to These Critical Price Levels

• Pendle shows 11.4% gain with rising volume and market cap, signaling bullish momentum.
• Price targets set between $4.43 and $5.00, with stop-loss near $2.9.

Pendle cryptocurrency has recorded a notable uptick in its latest trading session. During today’s Asian Trading session, the digital asset opened its market with a price value of $4.0761. This took the opening price and propelled it to the current levels. Analyst believe that this trend will continue upward if the present trend line is running across the support.

PENDLE Current Market Movement Revealed

Tracking the recent price action as of press time, CoinMarketCap data indicates that PENDLE recorded a price increase to $4.39, rising 11.40% over the past 24 hours. Its market capitalization grew to $713.25 million, reflecting an 11.46% increase. The 24-hour trading volume also surged significantly by 42.45%, reaching $110.36 million

Source: CoinMarketCapThe fully diluted valuation now stands at $1.23 billion, while the total value locked (TVL) in the ecosystem is $4.19 billion. Additionally, the ratio of volume to market cap for the last 24 hours is 15.54%. The market cap to TVL ratio holds at 0.1703. The price graph shows fluctuations starting near $3.86 and trending upward steadily

The cryptocurrency reached a peak just below $4.50 before slightly retracting and stabilizing near $4.39. The upward price movement indicates growing market interest, supported by increasing volume and market capitalization data. The profile score rates 70%, signaling moderate confidence in data quality.

Pendle Signals Bullish Momentum with Defined Targets

For a prolonged period now, the PENDLE price action has reported a continued uptrend from March 2025 with rising higher lows. The price recently broke resistance near $3.7, confirming bullish performance

Additionally, the support aligns with the ascending trendline, reinforcing upward movement. The target zone extends toward $6.1. A stop-loss area is placed near $2.9, protecting against downside risk as volume remains steady during this rise.

Source: ***Crypto King (X)***A deeper view on observation by Crypto King indicates that the trading strategy involves taking long positions with leverage between 5x and 8x. Price targets have been specified at $4.43, $4.55, $4.65, and a higher target of $5.00. These levels provide clear milestones for traders monitoring Pendle movements.

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